Exporter wins appeal on service tax liability for services by foreign banks in export transactions.

The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the appellant, an exporter, regarding the liability of service tax for services rendered by foreign banks in export transactions. The tribunal waived the pre-deposit of dues and stayed recovery until the appeal is disposed of.

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The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the appellant, an exporter, regarding the liability of service tax for services rendered by foreign banks in export transactions. The tribunal waived the pre-deposit of dues and stayed recovery until the appeal is disposed of.

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