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TaxReply India Pvt Ltd

PETRONET LNG LTD.
(Authority for Advance Ruling, Gujrat)

Hon'ble Judges:

SANJAY SAXENA
ARUN RICHARD
Pet. Counsel
Onkar Sharma
Res. Counsel
---

Petitioner / Applicant

PETRONET LNG LTD.
Respondent NA
Court

AAR (Authority for Advance Ruling)

State

Gujrat

Date Aug 11, 2021
Order No.

GUJ/GAAR/R/40/2021

Citation

2021(8) TAXREPLY 5011
Original Order
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ORDER

A. BRIEF FACTS The applicant, M/s. Petronet LNG Ltd. (PLL), submitted that it provides regasification services to its customers on the LNG owned by the customers, referred to as 'Tolling'. In the 'Tolling Model', the Applicant receives the LNG belonging to the customers at its plant, stores it, re-gasifies it and supplies RLNG to the customers. The Appellant enters into Re-gasification Agreements (RAs) with the customers. As per the RAs, the term 'Re-gasification' means the following activities:- i. reception by PLL of LNG Ships at the Unloading Port; ii. receipt by PLL of LNG delivered by LNG Ship at the Custody Transfer Point; iii. storage and re-gasification of such LNG at PLL's Facilities; and iv. transportation and delivery of RLNG by PLL to the Customer at the Custody Transport Point through pipelines which are connected through PLL's plant. 2. The Bill of Entry for home consumption is filed with the Customs Authorities d....

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