In a relief to airlines InterGlobe Aviation and SpiceJet Ltd, the Supreme Court on Monday dismissed the customs department’s appeal seeking to levy integrated goods and services tax (IGST) retrospective on reimport of aircraft or aircraft parts into India after their repairs outside the country.
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The department claimed that an amended notification issued in 2021 would have retrospective effect from the original exemption notification of 2017..
Read more at: The Economic Times
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