Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Marine engine, its spares and marine gear box proposed to be imported for use in fishing vessels were held to be classifiable as parts of vessels of headings 8902/8904/8905/8906/8907, based on technical certification that these goods are indispensable for seaworthy operation and are not suitable for automobile or other industrial use; hence they qualify for the concessional rate linked to end use in fishing vessels. Consequently, import of the marine engine, its spares and marine gear box attracts 5% IGST under Sl. No. 252 of Schedule I of Notification No. 01/2017-IGST (Rate). Advance ruling was declined for locally procured marine gear oil and related spares as they fall outside customs advance ruling scope. - AAR
Marine engine, its spares and marine gear box proposed to be imported for use in fishing vessels were held to be classifiable as parts of vessels of headings 8902/8904/8905/8906/8907, based on technical certification that these goods are indispensable for seaworthy operation and are not suitable for automobile or other industrial use; hence they qualify for the concessional rate linked to end use in fishing vessels. Consequently, import of the marine engine, its spares and marine gear box attracts 5% IGST under Sl. No. 252 of Schedule I of Notification No. 01/2017-IGST (Rate). Advance ruling was declined for locally procured marine gear oil and related spares as they fall outside customs advance ruling scope. - AAR
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