Chapter 89: Ships, boats and floating structuresNIL (Not taxable)
-NIL-5% Tax bracket
All goods not specified elsewhere. 1. 8901 Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods. 2. 8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products. 3. 8904 Tugs and pusher craft. 4. 8905 Lightvessels, fire-floats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms. 5. 8906 Other vessels, including warships and lifeboats other than rowing boats. 6. 8907 Other floating structures (for example, rafts, tanks, coffer-dams, landing-stages, buoys and beacons). 7. Any chapter – parts of goods of headings 8901, 8902, 8904, 8905, 8906, 890712% Tax bracket
-NIL-18% Tax bracket
1. Vessels and other floating structures for breaking up 28% Tax bracket
1. Yachts and other vessels for pleasure or sports; rowing boats and canoes  including floating structure used for casinos etc.