https://www.taxtmi.com/caselaws?id=779256 AAR held that particulate matter permits are tradable instruments conferring a monetary benefit and qualify as goods classifiable under Heading 4907 (residuary heading 4970 00 90) rather than as "other marketable securities" under ejusdem generis. The Authority found trading occurs on a market platform, generates business income, and is in the course or furtherance of business despite regulatory aspects or expiry. The permits are taxable at the GST rate applicable to Heading 4907, i.e., 12%. en-us Mon, 15 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779256 AAR held that particulate matter permits are tradable instruments conferring a monetary benefit and qualify as goods classifiable under Heading 4907 (residuary heading 4970 00 90) rather than as "other marketable securities" under ejusdem generis. The Authority found trading occurs on a market platform, generates business income, and is in the course or furtherance of business despite regulatory aspects or expiry. The permits are taxable at the GST rate applicable to Heading 4907, i.e., 12%. Case-Laws GST Mon, 15 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779256