AAR: Rejects application seeking ruling on classification of imported goods

Maharashtra AAR rejects application seeking clarification on classification of imported inputs by applicant engaged in manufacturing of various types of fasteners and other accessories for a variety of industries; Remarks that import of services are considered a supply and not import of goods while u/s 5 of IGST Act, integrated tax on goods imported into India shall be levied and collected in terms of Section 3 of Customs Tariff Act, 1975 (CTA); Holds that since the proposed ...