CAAR Mumbai Ruling on Vessel Kashi’s Customs and IGST Liability

In Re Arya Tankers Private Ltd (CAAR Mumbai) In the matter of Arya Tankers Private Ltd, the Customs Authority for Advance Rulings (CAAR) Mumbai addressed the tax implications for the vessel Kashi when it enters Indian waters for loading or unloading cargo. The ruling clarified that the vessel Kashi must file Bills of Entry and pay applicable Customs duties upon entering Indian waters. Furthermore, it was determined that the vessel is covered under entry no. 551, but not entry no. 557B, of Notification 50/2017-Customs dated 30 June 2017, necessitating the payment of Customs duties and IGST acco...