Petronet LNG Ltd ., In re
Date: August 11, 2021
Subject Matter
Providing service of regasification of LNG owned by applicant's customers would amount to rendering of service by way of Job Work
Summary
Whether the applicant’s activity of providing service of regasification of LNG owned by its customers to convert to RLNG, from its Plant at Dahej, Gujarat would amount to rendering of service by way of Job Work within the meaning of Section 2(6…
A. BRIEF FACTS The applicant, M/s. Petronet LNG Ltd. (PLL), submitted that it provides regasification services to its customers on the LNG owned by the customers, referred to as ‘Tolling’. In the ‘Tolling Model’, the Applicant receives the LNG belonging to the customers at its plant, stores it, re-gasifies it and supplies RLNG to the customers. The Appellant enters into Re-…