2018 (7) TMI 142 – AUTHORITY FOR ADVANCE RULING, KERALA – 2018 (13) G. S. T. L. 426 (A. A. R. – GST), [2018] 2 GSTL (AAR) 52 (AAR) – Rate of tax – nature of use – marine propeller, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings, used in fishing / floating vessels – applicant is of the opinion that the rate of tax applicable to the above products is 5% as per entry 247 and 252 of Schedule 1 of the Central Notification 1/17 – Held that:- The classification of the commodities under Entry 252 solely depends on the nature of use to which the commodities are put to – commodities such as marine propellers, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings used only for the purposes of fishing / flo
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
dder set, stern tube set, propeller shaft and M.S. Shaft for couplings, has preferred an application for Advance Ruling on the rate of tax of the above commodities used in fishing / floating vessels. 2. The applicant has argued that all the above products are used in fishing/floating vessels. Since the products manufactured by the unit are mainly used for the purpose of fishing and other allied activities, the applicant is of the opinion that the rate of tax applicable to the above products is 5% as per entry 247 and 252 of Schedule 1 of the Central Notification 1/17. 3. The applicant was heard in the matter and the contentions raised were examined. On the basis of the facts disclosed in the application and the submissions made at the time
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
3 to 7215 All bars and rods, of iron or non-alloy steel 5. However, parts of fishing vessels, factory ships and other vessels for processing or preserving fishery products are taxable @ 5% by virtue of entry 252 of 1st schedule of SRO 360/2017. Fishing vessels; factory ships and other vessels comes under the HSN code 8902. The said entries read as under: 247 8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products 252 Any chapter Parts of goods of headings 8901, 8902, 8904, 8905, 8906,8907 Thus, it is clear that the classification of the commodities under Entry 252 solely depends on the nature of use to which the commodities are put to. 6. In view of the aforesaid position, commodities such as mari
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =