AAAR: Disallows ITC w.r.t. pipeline constructed for re-gasified LNG transportation, contextual meaning prevails over literal meaning

Maharashtra AAAR disallows ITC of GST paid on goods and services used for construction of tie-in pipeline intended for transportation of re-gasified LNG from Floating Storage Regasification Unit (FSRU) to the National grid; Refers to Section 17(5) of CGST Act which excludes pipelines laid outside the factory premises from the expression “plant and machinery”, further notes findings of AAR that FSRU is a factory and pipeline is laid outside factory premise and said pi...