https://www.taxtmi.com/caselaws?id=442320 The AAR, Tamil Nadu ruled that bonded warehouse transactions in Free Trade Warehousing Zone (FTWZ) are not covered under Schedule III of CGST Act, 2017. The Authority held that paragraph 8(a) of Schedule III applies specifically to warehouses licensed under Customs Act, 1962, while FTWZ warehouses are governed by SEZ Act, 2005. Therefore, transactions in FTWZ cannot claim exemption under Schedule III. The Authority also noted that IGST Circular No. 3/1/2018 was rescinded by Circular No. 4/1/2019 following amendments to Schedule III. en-us Tue, 20 Jun 2023 00:00:00 +0530 Fri, 18 Apr 2025 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442320 The AAR, Tamil Nadu ruled that bonded warehouse transactions in Free Trade Warehousing Zone (FTWZ) are not covered under Schedule III of CGST Act, 2017. The Authority held that paragraph 8(a) of Schedule III applies specifically to warehouses licensed under Customs Act, 1962, while FTWZ warehouses are governed by SEZ Act, 2005. Therefore, transactions in FTWZ cannot claim exemption under Schedule III. The Authority also noted that IGST Circular No. 3/1/2018 was rescinded by Circular No. 4/1/2019 following amendments to Schedule III. Case-Laws GST Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442320