Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
A specialised cable-laying vessel, designed and equipped for laying/repairing submarine cables, was held to fall under Heading 8906 and classifiable under CTI 89069000, as it is neither a cargo/passenger vessel nor excluded by any specific heading; classification was determined accordingly. Since the vessel fell under Heading 8906 and was imported for cable-laying operations and not for breaking up, it qualified for full BCD exemption under Sl. No. 555 of Notification No. 50/2017-Cus; exemption was allowed. IGST exemption under Sl. No. 557C was also available for vessels of Chapter 89 imported for cable-laying in Indian Customs waters, as Condition No. 105 was satisfied where purchasers, as IoR for cables/other goods, discharged applicable duties; exemption was allowed subject to strict compliance. - AAR
A specialised cable-laying vessel, designed and equipped for laying/repairing submarine cables, was held to fall under Heading 8906 and classifiable under CTI 89069000, as it is neither a cargo/passenger vessel nor excluded by any specific heading; classification was determined accordingly. Since the vessel fell under Heading 8906 and was imported for cable-laying operations and not for breaking up, it qualified for full BCD exemption under Sl. No. 555 of Notification No. 50/2017-Cus; exemption was allowed. IGST exemption under Sl. No. 557C was also available for vessels of Chapter 89 imported for cable-laying in Indian Customs waters, as Condition No. 105 was satisfied where purchasers, as IoR for cables/other goods, discharged applicable duties; exemption was allowed subject to strict compliance. - AAR
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