Classification of certificates under heading 4907: GST applies to RECs and PSLCs while duty credit scrips remain exempt. RECs, PSLCs and similar documents of title are classifiable as goods under heading 4907 and, except for duty credit scrips which attract Nil GST under the relevant notification, will attract the GST rate applicable to heading 4907. The residual state Schedule III entry applies only where no other schedule entry covers the goods; prior reliance on the residual entry for PSLCs is thereby restricted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Classification of certificates under heading 4907: GST applies to RECs and PSLCs while duty credit scrips remain exempt.
RECs, PSLCs and similar documents of title are classifiable as goods under heading 4907 and, except for duty credit scrips which attract Nil GST under the relevant notification, will attract the GST rate applicable to heading 4907. The residual state Schedule III entry applies only where no other schedule entry covers the goods; prior reliance on the residual entry for PSLCs is thereby restricted.
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