AAR : Marine engines, marine gear box and marine generators, taxable at 5%

Jun 20,2019

Maharashtra AAR holds that Marine engines, marine gear box and marine generators, falling under Heading 8408, 8483 and 8502, respectively, intended for use in building of boats/ships/vessels, shall be taxable at reduced rate of 5% under Entry No. 252 of Schedule I to Notification No. 1/2017-Central Tax (Rate); Finds that these “are essential parts of a ship/vessel without which the ship would not be complete and would not exist”, hence, “These are very integral for the ...


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