Shipping Vessel's HSD Purchase Triggers MVAT Provisions; Petitioner Invoices Shipping Line Based on Bunker Delivery Note.

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Full Text of the Document

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....Back to Back transactions - The shipping vessel places an enquiry for required quantity of HSD with the Petitioner - Petitioner in turn places a back to back purchase order/nomination of the same quantity on any of the Oil Marketing Companies - After the delivery of the HSD to the nominated vessel is complete, the Petitioner raises an invoice on the shipping line, based on the BDN - Provisions of MVAT are applicable - HC....