https://www.taxtmi.com/caselaws?id=445277 CESTAT Allahabad held that Indian exporters are not liable for service tax on bank charges paid to foreign banks. The tribunal relied on Trade Notice No 20/2013-14 clarifying that Indian exporters are not recipients of services from foreign/intermediary banks. Following precedents in Theme Exports and Dileep Industries cases, the tribunal found that since the domestic bank (ING Vyasa Bank) paid charges to foreign banks, the appellant cannot be treated as service recipient under Section 66A read with Rule 2(1)(2)(iv) of Service Tax Rules, 1994. Appeal allowed. en-us Thu, 02 Nov 2023 00:00:00 +0530 Sat, 04 Nov 2023 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445277 CESTAT Allahabad held that Indian exporters are not liable for service tax on bank charges paid to foreign banks. The tribunal relied on Trade Notice No 20/2013-14 clarifying that Indian exporters are not recipients of services from foreign/intermediary banks. Following precedents in Theme Exports and Dileep Industries cases, the tribunal found that since the domestic bank (ING Vyasa Bank) paid charges to foreign banks, the appellant cannot be treated as service recipient under Section 66A read with Rule 2(1)(2)(iv) of Service Tax Rules, 1994. Appeal allowed. Case-Laws Service Tax Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445277