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%.