Service tax option for vessel import transport permits alternative CIF based payment to discharge service tax liability. The amendment designates the importer as the person liable for service tax on transportation of goods by a vessel from outside India up to the customs station of clearance where both service provider and recipient are located in non taxable territory. It introduces an elective mechanism allowing that liable person to discharge service tax by paying an amount calculated on the basis of the CIF value of the imported goods, and updates related rule cross references.
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.
Service tax option for vessel import transport permits alternative CIF based payment to discharge service tax liability.
The amendment designates the importer as the person liable for service tax on transportation of goods by a vessel from outside India up to the customs station of clearance where both service provider and recipient are located in non taxable territory. It introduces an elective mechanism allowing that liable person to discharge service tax by paying an amount calculated on the basis of the CIF value of the imported goods, and updates related rule cross references.
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