AAR: LNG jetties proposed to be installed not Plant & Machinery, denies ITC

Gujarat AAR holds that the LNG jetties proposed to be built by the applicant cannot be said to be covered within expression ‘plant and machinery’ as foundation to equipment, apparatus, machinery to be installed on it; Notes that (i) Applicant has entered into a Concession Agreement with Gujarat Maritime Board to implement the development, construction, operation and maintenance of Liquified Natural Gas (LNG) Port with a Floating Storage and Regasification Unit facility un...