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Pyrolysis Oil Application Declined
Source: Tyre & Rubber Recycling
Insufficient supporting evident results in a refusal to recognise pyrolysis oi as a biofuel
Indian Body Declines Pyrolysis Oil Application
The Maharashtra Authority for Advance Rulings ( AAR )declined from determining the classification (HSN) of Tyre Pyrolysis oil and the tax rate applicable to it, by reason of non-submission of full details pertaining to composition of the impugned product by the applicant.
The order was passed in an application filed by Royal Carbon Black Pvt.Ltd., an entity engaged in the recycling of used tyres.
The application was preferred under Sec.97 of the Central Goods and Services Act and Maharashtra Goods and Services Act, for adjudicating upon the classification (HSN) of Tyre Pyrolysis oil and the tax rate applicable to it.
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