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of <h1>Coal merchants classified as clearing and forwarding agents u/s 65(25) of Finance Act, 1994; services taxable.</h1> Coal merchants are subject to service tax as clearing and forwarding agents according to the Board's examination. The inquiry addressed whether coal merchants' services fall under this category, given their role as buyer's agents performing tasks requested by consumers. The Board determined that coal merchants' operations align with the definition of clearing and forwarding agents under Section 65(25) of the Finance Act, 1994, making their services taxable. It is irrelevant whether they act as agents for buyers or sellers, as their functions meet the criteria for clearing and forwarding agents as defined by the law.
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