Tecnimont Private Limited ., In re
Date: January 4, 2024
Subject Matter
Value of such High Sea Sales supply would form a part of the transaction value for computing the value of work contract service
Summary
The case law discusses the transaction of sale of goods by Tecnimont Pvt. Ltd. (TCMPL) to Indian Oil Corporation Ltd. (IOCL) on a High Seas Sale (HSS) basis in terms of Contract No. 44AC9100-EPCC-1. It examines whether this transaction would be cover…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, GUJARAT Brief facts: Tecnimont Private Limited, Laxmi Chamber, Navjivan Press Road, Ahmedabad, Gujarat- 380014 [for short `applicant’] is a wholly owned subsidiary of Tecnimont S.P.A. Milan, Italy and an Engineering, Procurement, and Construction (EPC) company. Their GST registration number is 24AAACI2628B1Z8. 2. The applicant has…