AAAR: Fan coil units being part of ‘Air-conditioning system’, classifiable under HSN Code 8415 and not 8418, upholds AAR

Maharashtra AAAR upholds order passed by AAR in respect of classification of fan coil units (FCU) used in Heating, Ventilation and Air Conditioning (HVAC) System under HSN Code 8415; Rejects appellant’s plea that FCU is covered by HSN Code 8418 (covering Refrigerators, freezers, etc.) classified in Schedule -III, Entry No. 319 (A) through Notification No. 1/2017-CT (Rate); Referring to Explanatory Notes, opines that this heading includes separately presented indoor units an...