Supply of ISO Tankers on Lease by Foreign Suppliers is Deemed Sale, Sales Tax not leviable: CESTAT [Read Order]

ISO - Tankers - Foreign - Suppliers - Deemed - Sale - Sales - Tax - CESTAT - TAXSCAN

The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), held that Supply of ISO Tankers on lease by foreign suppliers is deemed sale, hence sales tax would not be leviable. M/s SRF Ltd. (Chemical Business), the appellantis before the Tribunal to assail the order passed by the confirming the demand…

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