https://www.taxtmi.com/caselaws?id=446007 CESTAT Chennai held that appellant's services to foreign clients were not intermediary services but principal-to-principal transactions. Despite remuneration being computed on FOB value of exported garments, appellant directly provided services to overseas buyers without agreements with domestic vendors/exporters. Appellant received no consideration from Indian vendors, failing to meet intermediary service conditions. The tribunal set aside the impugned order dated 08.07.2019, ruling extended limitation period and penalties inapplicable since services were not intermediary in nature. Appeal allowed. en-us Thu, 23 Nov 2023 00:00:00 +0530 Tue, 30 Jun 2026 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446007 CESTAT Chennai held that appellant's services to foreign clients were not intermediary services but principal-to-principal transactions. Despite remuneration being computed on FOB value of exported garments, appellant directly provided services to overseas buyers without agreements with domestic vendors/exporters. Appellant received no consideration from Indian vendors, failing to meet intermediary service conditions. The tribunal set aside the impugned order dated 08.07.2019, ruling extended limitation period and penalties inapplicable since services were not intermediary in nature. Appeal allowed. Case-Laws Service Tax Thu, 23 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446007