Fuel oil stored in Engine room bunker of ships Imported for Ship Breaking Eligible for CENVAT Credit: CESTAT [Read Order]

The CESTAT noted that for the purpose of CENVAT, discrimination cannot be made between the entire ship and the bunker lying in the engine room.

By Saagarika Gopinath - On November 25, 2024 12:41 pm - 2 mins read

Fuel oil stored in Engine room- Imported for Ship - CENVAT Credit - CESTAT -TAXSCAN

The Ahmedabad bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT ) held that fuel oil stored in the engine room bunker of ships imported for ship breaking was eligible for CENVAT credit. The main issue involved in this case is whether the respondent, which is a ship breaking company, could claim Cenvat…

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