Case nº Ruling No. AAR/ST/20/2016 in Application No. AAR/44/ST/12/2014 of AAR Cases, July 15, 2016 (case In Re : H&M Hennes and Mauritz Retail Pvt. Ltd. Vs)
Judge | For Appellant: Shri Tarun Gulati, Advocate and For Respondents: Shri Amresh Jain, Authorised Representative (AR) |
President | V.S. Sirpurkar, Chairman, Shri S.S. Rana and R.S. Shukla, Members |
Resolution Date | July 15, 2016 |
Issuing Organization | AAR Cases |
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Ruling: 1. M/s. H&M Hennes & Mauritz Retail Pvt. Ltd. (hereinafter also referred to as applicant) is an Indian wholly owned subsidiary comprising of M/s. H&M Hennes & Mauritz GBC AB, Sweden ("H&M GBC") holding 99% of equity shares of the applicant and M/s. H&M Hennes & Mauritz International AB, Sweden ("H&M AB") holding the remaining 1% shares of the applicant. Applicant is in the process of setting up of its business of single brand retail trading of various products viz. Clothes and Apparel, Footwear, Cosmetics and Accessories, Handbags, Home furnishing products, Children Products, Outdoor utility products, etc., under the brand ''H&M". H&M AB, resident in 2. Applicant proposes to procure and import into |
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