M/S Sumitomo Corporation, New Delhi vs Dcit (International Taxation), New ... on 1 July, 2019
Central
Commission had approved an EPC cost of Rs. 3688.35 crores,
based on the previous EPC contracts awarded to M/s. BHEL, M/s.
Navayuga ... costs of such contracts are new contracts
and do not affect the LITL price bid. Even if such contract was
awarded to a third-party
Epc Contracts India Pvt. Ltd vs Regenesis Technologies India Pvt. Ltd on 21 November, 2019
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI
Company Appeal ... Insolvency) No. 1346 of 2019
IN THE MATTER OF:
EPC Contracts India Pvt. Ltd. ...Appellant
Vs
Regenesis Technologies India Pvt. Ltd. ....Respondent
Present:
For Appellant
third
phase was related to Assistance in Contract Negotiations - EPC
contract. Since primarily the services were to be provided in
Germany, therefore, it cannot ... Apdx-A of Stage-2]
§ "The EPC Contract for Stage-2 should be arranged in accordance
to the existing EPC Contracts of Stage
running account bills
paid or the works executed. A lump sum contract/EPC
contract is a fixed rate contract for the performance of the
work ... report, learned counsel for the petitioner
submits that it is a EPC contract i.e., work allotted on lump sum
amount. As per Clause
goods brought by the Respondent merely for
supply in terms of EPC Contract, the same were not entitled for the
benefits of project import looking ... EPC contract, as the CST / VAT stands paid on contract
value. The value of goods, which were supplied as part of the EPC
project
decision (dated 19.03.2015) in Larsen & Toubro Ltd. reference, a
turnkey/EPC contract is taxable prior to 01.06.2007 as well. On and since
01.06.2008, turnkey ... EPC contracts must be classified on the basis of the essential
character of the service provided thereby with the aid of classification guidelines
assessee is engaged in the business of engineering
procurement and construction contracts on turnkey basis of industrial and
power plants excluding hydro power. We find ... providers for storage tanks and process equipment. The said comparable
provides EPC contracting services for oil and gas storage terminals and
fabricates pressure vessels
contracts. Courts in the past have interfered, where
obeisance is not paid by State and its instrumentalities to these
aspects, prior to termination of contracts ... That the C.A. is different from an EPC contract. In contracts of
like nature, the entire or a substantial amount of investment is
made
back-to-back basis, both
the Concession Agreement and the EPC contract had to be complied with.
Thus, the Plaintiff‟s work ... projects awarded under the EPC mode, which
qualify as Stuck Projects, recourse may be taken to
fore-closure of the EPC Agreement vide a
Supplementary