AAAR : DFIA akin to duty credit scrips, sale/purchase thereof not liable to GST

Maharashtra AAAR modifies AAR order, holds that no GST is applicable on the sale and purchase of Duty Free Import Authorization (DFIA), as provided in Sr. 122A of the Notification No. 2/2017-Central Tax (Rate) as amended by Notification No. 35/2017-Central Tax(Rate); Elucidates that “both the words duty paying scrips and duty credit scrips are to be construed same” while propounding that, same cannot be kept together with such REC, and PSLC by applying the rule of interpr...