Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
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