AAAR : Reverses own order, conversion of steam-coal received from Principal into electricity constitutes ‘job work’

AAAR reverses its earlier order, holds that coal qualifies as an input under an arrangement where the same is supplied by Principal, JSW Steel Ltd. (JSL) for processing into power by appellant, JSW Energy Ltd. (JEL) for captive use by JSL; Thus, holds that “coal, despite being consumed in the process of the generation of electricity, thereby becoming irretrievable, will not preclude the proposed arrangement from being a job work transaction”; Earlier Appellant had ch...