https://www.taxtmi.com/caselaws?id=446186 CESTAT New Delhi held that SEZ units are entitled to refund of service tax paid on input services received through ISD invoices. The tribunal ruled that SEZ Act section 26 provides statutory exemption from service tax, overriding Finance Act 1994 provisions due to section 51 of SEZ Act. Exemption notification conditions under service tax law are irrelevant as Parliament already exempted SEZ operations. However, appellant was denied interest on delayed refunds since SEZ units fall outside Finance Act 1994 purview. Refund applications were allowed but without interest compensation. en-us Mon, 30 Oct 2023 00:00:00 +0530 Tue, 28 Nov 2023 06:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446186 CESTAT New Delhi held that SEZ units are entitled to refund of service tax paid on input services received through ISD invoices. The tribunal ruled that SEZ Act section 26 provides statutory exemption from service tax, overriding Finance Act 1994 provisions due to section 51 of SEZ Act. Exemption notification conditions under service tax law are irrelevant as Parliament already exempted SEZ operations. However, appellant was denied interest on delayed refunds since SEZ units fall outside Finance Act 1994 purview. Refund applications were allowed but without interest compensation. Case-Laws Service Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446186