4A. Levy of Tax on the sales of HSD and furnance oil to ship

Notwithstanding anything contained in this Act, or in the Schedules, every dealer shall, subject to conditions and restrictions as may be prescribed, be liable to pay tax,-

(a) on the sales of High Speed Diesel (HSD) and  Furnance Oil  to the  foreign  going international ships at the rate of  0.5%.

(b) on the sales of  furnanace oil to coastal ships at the rate of 5%.