https://www.taxtmi.com/caselaws?id=396564 The Tribunal allowed the appeal, setting aside the Commissioner's order. It held that the Appellant was entitled to exemption for the ECB facility of US$ 500 million as services were consumed within the SEZ. The show cause notice for the ECB facility of US$ 99 million was deemed unjustified, as there was no wilful suppression of facts. The Tribunal also ruled that the extended period of limitation and penalties under sections 77 and 78 of the Finance Act, 1994, were not applicable. en-us Wed, 08 Jul 2020 00:00:00 +0530 Thu, 11 Feb 2021 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396564 The Tribunal allowed the appeal, setting aside the Commissioner's order. It held that the Appellant was entitled to exemption for the ECB facility of US$ 500 million as services were consumed within the SEZ. The show cause notice for the ECB facility of US$ 99 million was deemed unjustified, as there was no wilful suppression of facts. The Tribunal also ruled that the extended period of limitation and penalties under sections 77 and 78 of the Finance Act, 1994, were not applicable. Case-Laws Service Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396564