https://www.taxtmi.com/caselaws?id=395749 The Tribunal ruled in favor of the appellants, affirming their entitlement to the exemption under Notification No.12/03-ST for materials used in retreading old tyres. It rejected the clubbing of material value from a separate entity with the appellant's service value. Penalties under Sections 76 and 78 of the Finance Act, 1994, were set aside, directing appellants to pay service tax only on service charges, if any, with applicable interest. The appeals were allowed, supporting the appellants' position. en-us Thu, 04 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395749 The Tribunal ruled in favor of the appellants, affirming their entitlement to the exemption under Notification No.12/03-ST for materials used in retreading old tyres. It rejected the clubbing of material value from a separate entity with the appellant's service value. Penalties under Sections 76 and 78 of the Finance Act, 1994, were set aside, directing appellants to pay service tax only on service charges, if any, with applicable interest. The appeals were allowed, supporting the appellants' position. Case-Laws Service Tax Thu, 04 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395749