9911796707
TMI Blog2019 (8) TMI 818X X X X Extracts X X X X X X X X Extracts X X X X ..... falling under any chapter ate taxable at the rate of 5% GST. Propeller, Shaft/SS road, Gun metal bush/bearing, Stuffing box, Brass Tube/SS Tube, Rudder Shaft and Blade, Sea Cork/Water Strainer, GM Gate Valve, MS Pipe, Propeller Nut/GM Nut, Coupling, SS Rods Square, SS Flat, GM Gland and Ring and MS Plate used as parts of fishing / floating vessels come under the HSN Code 8902 and are taxable @ 5% under serial No.252 of First Schedule of the Notification No .01/2017 Central (Rate) dtd.28-06-2017. - Advance Ruling No. KER/50/2019 - - - Dated:- 15-7-2019 - Shri S. Anil Kumar IRS And Shri B.S. Thyagarajababu B.Sc, LL.M Advance Ruling No. KER/50/2019 M/s. Gurudev Metal Industries is engaged in m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... boxes. These are used in boats that have a wooden body. After bend checking, machining, threading etc., stuffing box is attached to either sides of the tube and thus forms a Stem Gear Assembly set. Rudder shaft and blade is fabricated from SS rod and MS plate. Sea cork / water strainer is made by casting scrap. This is the pan that filters water into the boat's engine. This process is used to cool down the engine. GM Gate valve is attached to the sea cork. MS Pipe / seamless pipe are used in steel body boats. After bend checking, placing MS flange, welding and machining, stuffing box is attached to both sides to form a stern gear Assembly set. This is used for steel body boats. Propeller nut GM nut is ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng under the HSN Code 8902 are taxable @ 5% under Serial No.252 of first Schedule. In view of the observations stated above, the following rulings are issued: Classification of goods as part of fishing vessels Propeller, Shaft/SS Rod, Gun Metal Bush/Bearing. Stuffing Box, Brass Tube/SS Tube, Rudder Shaft and Blade, Sea Cork/Water Strainer, GM Gate Valve, MS Pipe, Propeller Nut/GM Nut, Coupling, SS Rods Square, SS Flat, GM Gland and Ring and MS Plate. Propeller, Shaft/SS road, Gun metal bush/bearing, Stuffing box, Brass Tube/SS Tube, Rudder Shaft and Blade, Sea Cork/Water Strainer, GM Gate Valve, MS Pipe, Propeller Nut/GM Nut, Coupling, SS Rods Square, SS Flat, GM Gland and Ring and MS ..... X X X X Extracts X X X X X X X X Extracts X X X X
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