High Energy Batteries (India) Limited ., In re
Date: April 24, 2025
Subject Matter
Value of silver supplied free of cost by the Naval formations (in old batteries) should be included in the taxable value of the manufactured batteries. AAR ruling upheld.
Summary
The case involves M/s High Energy Batteries, a manufacturer of specialized batteries used in naval applications, seeking an advance ruling regarding the inclusion of the value of silver supplied free of cost by the Indian Navy (in the form of used ba…
FULL TEXT OF THE ORDER OF APPELLATE AUTHORITY FOR ADVANCE RULING,TAMILNADU M/s High Energy Batteries S.F. No. 243/7, 243/8B, Packed road, Mathur Industrial Estate, Mathur (hereinafter called as ‘the Applicant’) is engaged in manufacture of “Silver Oxide Zinc . Torpedo Propulsion batteries” falling under Chapter sub-heading No. 850640 and Secondary Silver Oxide Zinc Rechargeable Batteries fal…