https://www.taxtmi.com/caselaws?id=218235 Breeding and product development work performed in India for a foreign company, with results transmitted abroad and consideration received in foreign currency, was treated prima facie as export of services. The alleged imported technology was viewed as an independent transaction, not affecting that characterisation. On this basis, the demand relating to these services was not considered fit for pre-deposit at that stage, and waiver of pre-deposit with stay of recovery was granted for the service tax demand, connected penalties, education cess and interest. en-us Tue, 01 May 2012 00:00:00 +0530 Thu, 10 Jan 2013 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218235 Breeding and product development work performed in India for a foreign company, with results transmitted abroad and consideration received in foreign currency, was treated prima facie as export of services. The alleged imported technology was viewed as an independent transaction, not affecting that characterisation. On this basis, the demand relating to these services was not considered fit for pre-deposit at that stage, and waiver of pre-deposit with stay of recovery was granted for the service tax demand, connected penalties, education cess and interest. Case-Laws Service Tax Tue, 01 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218235