Abatement for transport of goods by vessel limits taxable value when no CENVAT credit has been taken.

Abatement for transport of goods in a vessel reduces the taxable base under service tax where the provider has not taken CENVAT credit on inputs, capital goods, or input services used to provide the service; the note maps sequential notification-based taxable percentages and supplies operative definitions of "goods" and "vessel" to delimit scope.

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