https://www.taxtmi.com/caselaws?id=266942 Amounts retained by a warehouse keeper after auctioning unclaimed imported consignments, once lawful dues and expenses are adjusted, were treated as a deposit pending claim by the importer rather than consideration for storage and warehousing services. Following Circular No. 11/1/2002-TRU and earlier materially similar decisions, the Tribunal held that no service tax arose on the balance retained amount merely because it remained with the assessee and was shown as interim income. The demand was therefore set aside, confirming that such retained balances are not taxable as service consideration on these facts. en-us Wed, 08 Jul 2015 00:00:00 +0530 Tue, 27 Oct 2015 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266942 Amounts retained by a warehouse keeper after auctioning unclaimed imported consignments, once lawful dues and expenses are adjusted, were treated as a deposit pending claim by the importer rather than consideration for storage and warehousing services. Following Circular No. 11/1/2002-TRU and earlier materially similar decisions, the Tribunal held that no service tax arose on the balance retained amount merely because it remained with the assessee and was shown as interim income. The demand was therefore set aside, confirming that such retained balances are not taxable as service consideration on these facts. Case-Laws Service Tax Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266942