Page 177 - GSTL_14th May 2020_Vol 36_Part 2

2020 ] IN RE : NEW SPACE INDIA LTD. 279
date; Parts of goods of Heading 8802, falling under Heading 8803 i.e. Tran-
sponder, is charged at 5% IGST under Sl. No. 245 of Schedule-I to Notifi-
cation No. 1/2017-Integrated Tax (Rate), dated 28-6-2017, as amended.
Personal Hearing : Proceedings held on 10-3-2020 :
5. Sri Radha Krishnan D., Director and duly authorised representative
of the applicant appeared for personal hearing proceedings held on 10-3-2020 &
reiterated the facts narrated in their application and also made the following
written submissions inter alia stating that :
5.1 The Applicant, New Space India Limited in short ‘NSIL’ has been
incorporated on 5-3-2019 under the provisions of Companies Act, 2013 as a whol-
ly owned Government of India undertaking/Central Public Sector Enterprise
(CPSE), under the administrative control of the Department of Space (DOS).
5.2 The Vision and Mission of NSIL :
Vision
“Excel in providing space related products and services emanating from
Indian Space Programme to global customers and to further spur the
growth of Indian Industry in undertaking technologically challenging
space related activities”
Mission
“Enabling Indian Industries to scale up high-technology manufacturing
base for space programme through technology transfer mechanisms, ca-
tering to emerging global commercial small satellite launch service mar-
ket, satellite services for various domestic and international application
needs and enabling space technology spin-offs for betterment of man-
kind through industry interface.”
5.3 (A) Mandate of NSIL :
NSIL has the primary mandate of commercially exploiting the Research
and Development (R&D) activity(ies) carried out by ISRO, in the area of space
and also enable production of space systems through Indian Industry. Some of
major activities involved are related to viz.,
(i) Small Satellite technology transfer to industry wherein NSIL will
obtain license from DOS/ISRO and sub-license it to industries.
(ii) Manufacture of Small Satellite Launch Vehicle (SSLV) in collabora-
tion with Private Sector.
(iii) Production of Polar Satellite Launch Vehicle (PSLV) through Indian
Industry.
(iv) Production and marketing of Space based services, including launch
and application.
(v) Transfer of technology developed by ISRO Centres and constituent
institutions of DOS.
(vi) Marketing spin-off technologies and products/services.
(vii) Any other subject which Government of India deems fit.
(B) Transponder Leasing Services :
NSIL has been mandated with Production and marketing of Space based
services, including launch and applications. As a part of marketing of space
based services, NSIL has entered into an MOU with Department of Space (DOS),
GST LAW TIMES  14th May 2020  177