The finance ministry has decided to provide a slew of tax incentives, including exemption from excise and custom duties, on all raw materials and parts used for making ships, to provide a boost to the domestic shipbuilding sector. "(The government has decided to provide) exemption from customs and central excise duties on all raw material and parts for use in the manufacture of ships, vessels, tugs, and pusher crafts," an official statement said. Besides, raw materials used for manufacturing ships and vessels in Export Oriented Units (EOUs) will be exempt from basic customs duty and excise duty.