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Case lawCBDT Circulars & Instructions › CBDT Circular No. 723 dated 19 September 1995 — where section 172 applies, sections 194C and 195 do not, and the shipping agent steps into the shoes of his non-resident principal
CBDT Circulars & InstructionsHelps taxpayers.172s.172(1)s.194Cs.195s.40(a)(i)

CBDT Circular No. 723 dated 19 September 1995 — where section 172 applies, sections 194C and 195 do not, and the shipping agent steps into the shoes of his non-resident principal

We pay ocean freight and demurrage to a foreign shipping line, usually through its Indian agent, and we do not deduct tax. The Assessing Officer is disallowing the whole payment under section 40(a)(i). Is there anything from the Board on this?

We pay ocean freight and demurrage to a foreign shipping line, usually through its Indian agent, and we do not deduct tax. The Assessing Officer is disallowing the whole payment under section 40(a)(i). Is there anything from the Board on this?

Yes, and it is directly in point. Circular No. 723 dated 19 September 1995 states that s.172 is a self-contained code for the levy and recovery of tax, ship-wise and journey-wise, that its provisions apply notwithstanding anything contained in other provisions of the Act, and that "Therefore, in such cases, the provisions of sections 194C and 195 relating to tax deduction at source are not applicable." Paragraph 5 extends that to payments routed through agents: since the agent acts on behalf of the non-resident owner or charterer, he steps into the shoes of the principal, and accordingly s.172 applies and ss.194C and 195 do not.

Decided by the CBDT Circulars & Instructions (Not applicable — Central Board of Direct Taxes circular) on 1995-09-19, reported as Circular No. 723, dated 19-9-1995; cited in the source judgments as [1995] 215 ITR (St.) 116 and as (1995) 128 CTR (St) 61; cross-referred in the footnotes to s.172 on the departmental pages. It bears on section 172, section 172(1), section 194C, section 195, section 40(a)(i) of the Income Tax Act 1961, in TDS Defaults, Presumptive Taxation & Audit and Deductions & Disallowances matters.

Still good law. The circular was applied by the Gujarat High Court on 3 January 2023 and by the Mumbai Tribunal on 30 March 2023, both of which set it out in full, and it is cross-referred on the departmental footnote list to s.172 as printed on the Year 2010 edition of that page. Its number and date have not been withdrawn or replaced so far as those sources show. That is not a completed validity check: I did not search for any later circular superseding it, and the related Circular No. 730 dated 14 December 1995 was withdrawn by Circular No. 9/2001, so the Board has revisited this area at least once.

Why it matters

This circular is the single most-cited administrative instrument in freight-related disallowance disputes, and it is worth knowing exactly what each of its five paragraphs does. Paragraph 2 describes s.172 as "a self-contained code for the levy and recovery of the tax, ship-wise, and journey-wise" requiring a return within a maximum of thirty days from the date of departure — the source of the "complete code" language that runs through the case law. Paragraph 3 is the operative exclusion of ss.194C and 195. Paragraph 4 makes an entirely separate and often overlooked point: s.194C applies only to payments to a "resident", so there is no overlap between the two sections in the first place. Paragraph 5 is the one that decides most real cases, because in practice the Indian exporter pays an agent in India and not the foreign line, and the Board says the agent steps into the shoes of the principal. Two limits should be stated with the same firmness. The circular presupposes that s.172 in fact applies to the payment — a ship belonging to or chartered by a non-resident carrying goods shipped at a port in India — and it does not touch payments for services that are not that. And the circular says nothing about composite invoices. Where a single bill mixes ocean freight with terminal handling, documentation and similar service components, whether the non-freight elements are covered has been litigated both ways and I have not established a settled position; treat the split as a question of fact on the particular contract and do not assume the circular carries the service components.

Binding on the department, not on the assessee or the courts. An assessee may rely on a circular that is beneficial to them.

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