The CBIC issued Notification No. 15/2025-Customs dated February 20, 2025, amending Notification No. 50/2017-Customs. It replaces the entry “84” with “-” in column (6) for S. No. 551 and 555, affecting goods under tariff item 8901 (excluding vessels for breaking up). This change, effective immediately, removes Condition No. 84, which required a fresh bill of entry for vessels intended for breaking up post-importation, altering their duty assessment under the Customs Act, 1962, and Customs Tariff Act, 1975.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely: –
In the said notification, in the Table, –
Against S. No. 551 and S. No. 555, in column (6), for the entry “84”, the entry “-” shall be substituted.
Table
| S. No. | Chapter or heading or sub-heading or tariff item | Description of goods | Standard rate | Integrated Goods and Services Tax | Condition No. |
| (1) | (2) | (3) | (4) | (5) | (6) |
| 551. | 8901 | All goods (excluding vessels and other floating structures as are imported for breaking up) | Nil | – | 84
“-” |
ANNEXURE
| Condition No. | Condition |
| 84. |
If the vessels and other floating structures are intended to be broken up after their importation, the importer shall present a fresh bill of entry to the Commissioner of Customs, and thereupon such goods shall be chargeable with the duty which would be payable on such goods as if they were entered for home consumption, under section 46 of the Customs Act, 1962 (52 of 1962), on the date of the presentation of such fresh bill of entry, for the purposes of break-up of such goods. |
This notification shall come into force with immediate effect.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/02/cst-15-2025.pdf
