Rate of Tax — In the instant case, applicant is manufacturer of marine propeller, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings, has preferred an application for Advance Ruling on the rate of tax of the above commodities used in fishing / floating vessels.

Held that—Commodities such as marine propellers, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings used as a part of fishing / floating vessels would come under the Entry 252 of Schedule I of Notification No. 1/2017 - Central Tax (Rate) dated 28th June 2017 and hence taxable @ 5%Sri. Dharsak. V.P. And Saraswathi Metal Industries [2018] 2 TAXLOK.COM 294 (AAR-Kerala)