AAR : Exemption Benefit not available for equipment imported through OEM suppliers

Odisha AAR holds that Notification No. 51/1996- Customs dated July 23, 1996 r/w Notification No. 43/2017- Customs dated June 30, 2017, extending exemption to specified institutions is not applicable to OEM suppliers of imported equipment; Clarifies that said notification is restricted to public funded and non-commercial research institutions and l.l.T. etc. which can by no stretch of imagination be extended to the OEM suppliers; Explains that for import of equipment by OEM su...