https://www.taxtmi.com/caselaws?id=356930 A bareboat charter of dredgers and vessels transferring possession and effective control to the charterer falls outside taxable supply of tangible goods service under section 65(105)(zzzzj) of the Finance Act, 1994, because the charterer operates the vessels as if they were its own during the charter period. Reimbursed customs duty, entry tax and similar statutory levies paid on actual basis are not consideration for dredging services and cannot be added to taxable value under Rule 5(1) of the Service Tax (Valuation) Rules, 2006. The resulting demand and penalties are unsustainable. en-us Tue, 30 Jan 2018 00:00:00 +0530 Thu, 28 Jun 2018 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356930 A bareboat charter of dredgers and vessels transferring possession and effective control to the charterer falls outside taxable supply of tangible goods service under section 65(105)(zzzzj) of the Finance Act, 1994, because the charterer operates the vessels as if they were its own during the charter period. Reimbursed customs duty, entry tax and similar statutory levies paid on actual basis are not consideration for dredging services and cannot be added to taxable value under Rule 5(1) of the Service Tax (Valuation) Rules, 2006. The resulting demand and penalties are unsustainable. Case-Laws Service Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356930