The Supreme Court has admitted the Gujarat government's plea seeking to charge stamp duty on bill of entry (BoE), which the state believes is a delivery order liable to tax. Earlier, the Gujarat high court had ruled that the BoE is not an instrument on transfer of goods and so not a delivery order which can be subjected to stamp duty. A clutch of companies which are importers of crude oil, including Reliance Industries, Essar Oil, IOC, Tata Chemicals, Hindalco and Gujarat Ambuja, had challenged the state government's decision to levy stamp duty on BoE.
Source: Financial Express
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