https://www.taxtmi.com/caselaws?id=396919 The Tribunal disposed of the appeal by setting aside penalties and erasing the demand related to port charges remitted to agents outside the country. The appellant's prompt discharge of tax liability on certain services and the absence of necessary ingredients for invoking section 78 were critical in the decision. Penalties were also set aside based on the principle of revenue neutrality of CENVAT credit, as per the decision in Jet Airways (I) Ltd v. Commissioner of Service Tax, Mumbai. en-us Thu, 23 Jul 2020 00:00:00 +0530 Sat, 25 Jul 2020 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396919 The Tribunal disposed of the appeal by setting aside penalties and erasing the demand related to port charges remitted to agents outside the country. The appellant's prompt discharge of tax liability on certain services and the absence of necessary ingredients for invoking section 78 were critical in the decision. Penalties were also set aside based on the principle of revenue neutrality of CENVAT credit, as per the decision in Jet Airways (I) Ltd v. Commissioner of Service Tax, Mumbai. Case-Laws Service Tax Thu, 23 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396919