Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Actual-user compliance under an end-use customs exemption is met...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and commissioning.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Actual-user compliance under an end-use customs exemption is met where imported wind-operated electricity generator parts are used exclusively to erect and commission windmills in the specified turnkey project. The condition requires ultimate use for the prescribed purpose but does not expressly bar movement of components to the project site or transfer of title under supply contracts before final assembly. Continuous ownership by the importer until commissioning is not required where the importer remains responsible for installation and commissioning. Contractual transfer before final assembly therefore does not, by itself, breach the concessional exemption condition.
Actual-user compliance under an end-use customs exemption is met where imported wind-operated electricity generator parts are used exclusively to erect and commission windmills in the specified turnkey project. The condition requires ultimate use for the prescribed purpose but does not expressly bar movement of components to the project site or transfer of title under supply contracts before final assembly. Continuous ownership by the importer until commissioning is not required where the importer remains responsible for installation and commissioning. Contractual transfer before final assembly therefore does not, by itself, breach the concessional exemption condition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
