Ships for Breaking Up - Not Excisable; therefore no CVD - HC
MAKING a ship is an excisable activity, but is breaking up a ship also one? Breaking up a ship may be excisable because several products emerge in the course of breaking up, but is buying a ship for breaking up an excisable activity?
In the Excise Tariff, Item No. 8908 00 00 is Vessels and other floating structures for breaking up.
Does anybody manufacture a ship for breaking up? Goods are excisable only if they are manufactured and if no ships are manufactured exclusively for breaking up, why this entry in the excise tariff and what is taxed under this head?
Mysterious indeed!
I covered this more than seven years ago in . This is what I said then;