Supplies made to a foreigngoing merchant ships, Indian Navy and Indian Coast guard ships will be treated as exports : AAR

Supplies made to a foreigngoing merchant ships, Indian Navy and Indian Coast guard ships will be treated as exports : AAR | Andhra Pradesh A

CA Deepak Gupta

Nov 9, 2018

Last update on Nov 9, 2018

Supplies made to a foreigngoing merchant ships, Indian Navy and Indian Coast guard ships will be treated as exports : AAR | Andhra Pradesh Authority of Advance Ruling in matter ofFairmacs Ship Stores Further, as per the circular F.No 21 /31 /63, dated:17.08.1966, the Government of India, decided to treat Indian Naval vessels, as 'foreign going vessels' for the purposes of section 87 of the Customs Act,1962. As per section 88(A) of Customs Act,1962, the goods supplied to merchant ships on foreign run will be treated as export. As per section 16 of IGST Act 2017, the exports will be treated as 'zero' rated supplies. 5.1 Basing on the above observations and record on merit the following ruling issued by this authority.

RULING

The outward supplies made by the applicant to a) ocean going merchant ships which are in foreign run, b) Indian Navy ships, c) Indian Coast guard ships, will be treated as 'exports'.

Click here to download the ruling

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.