https://www.taxtmi.com/caselaws?id=242231 The Tribunal ruled in favor of the appellant, a pharmaceutical manufacturer, in a case concerning liability for service tax on payments made to foreign banks for collection of export proceeds. The Tribunal found that the appellant had received services from ICICI Bank Ltd., not foreign banks, and waived the pre-deposit requirement for the appeal, staying the recovery pending appeal. The Tribunal concluded that the service tax demand was incorrect, leading to a favorable outcome for the appellant in the dispute against the Asstt. Commissioner's decision. en-us Mon, 12 Sep 2011 00:00:00 +0530 Fri, 10 Jan 2014 10:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242231 The Tribunal ruled in favor of the appellant, a pharmaceutical manufacturer, in a case concerning liability for service tax on payments made to foreign banks for collection of export proceeds. The Tribunal found that the appellant had received services from ICICI Bank Ltd., not foreign banks, and waived the pre-deposit requirement for the appeal, staying the recovery pending appeal. The Tribunal concluded that the service tax demand was incorrect, leading to a favorable outcome for the appellant in the dispute against the Asstt. Commissioner's decision. Case-Laws Service Tax Mon, 12 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242231