https://www.taxtmi.com/caselaws?id=374782 The Tribunal ruled in favor of the Public Sector Undertaking (PSU) acting as a canalizing agency for import and export of minerals, determining that the PSU was not liable to pay service tax on the export transactions. The Tribunal found that the transactions were purchase and sale contracts, not agency activities, based on evidence showing the PSU purchased goods and exported them in their name. Legal precedents and the transfer of title of goods supported the conclusion that the PSU was not obligated to pay service tax, overturning the Commissioner's decision to demand tax, interest, and penalties. en-us Tue, 13 Nov 2018 00:00:00 +0530 Sat, 09 Feb 2019 14:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374782 The Tribunal ruled in favor of the Public Sector Undertaking (PSU) acting as a canalizing agency for import and export of minerals, determining that the PSU was not liable to pay service tax on the export transactions. The Tribunal found that the transactions were purchase and sale contracts, not agency activities, based on evidence showing the PSU purchased goods and exported them in their name. Legal precedents and the transfer of title of goods supported the conclusion that the PSU was not obligated to pay service tax, overturning the Commissioner's decision to demand tax, interest, and penalties. Case-Laws Service Tax Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374782