https://www.taxtmi.com/caselaws?id=776461 The CESTAT Mumbai - AT held that Indian banks acting on behalf of exporters are not liable to pay service tax under the Reverse Charge Mechanism on foreign bank charges paid to foreign correspondent or intermediary banks in export transactions. This position aligns with prior decisions by coordinate benches in State Bank of Bikaner & Jaipur and Central Bank of India cases, which found no service tax liability on such foreign charges for Indian banks. Consequently, the demands for service tax, interest, and penalties imposed on the appellant were set aside, and the appeal was allowed. en-us Fri, 08 Aug 2025 00:00:00 +0530 Tue, 12 Aug 2025 08:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776461 The CESTAT Mumbai - AT held that Indian banks acting on behalf of exporters are not liable to pay service tax under the Reverse Charge Mechanism on foreign bank charges paid to foreign correspondent or intermediary banks in export transactions. This position aligns with prior decisions by coordinate benches in State Bank of Bikaner & Jaipur and Central Bank of India cases, which found no service tax liability on such foreign charges for Indian banks. Consequently, the demands for service tax, interest, and penalties imposed on the appellant were set aside, and the appeal was allowed. Case-Laws Service Tax Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776461