Exemption from BCD & IGST with respect to import of cable laying vessel

In re SubCom Projects India Private Limited (CAAR Mumbai) M/s. SubCom Projects India Private Limited ((hereinafter referred to as ‘applicant’) filed an application on 16.06.2022 seeking advance rulings on the applicability of Sr. No. 555 and 557C of the Customs Tariff Notification No. 50/2017, dated 30,06.2017 for import of cable laying vessel. 2. The applicant is a 99.99% owned subsidiary of SubCom, LLC, USA. SubCom, LLC is a company engaged in the business of laying submarine cables under the seabed, which are used for telecommunication/ interne connectivity. SubCom, LLC is engag...