https://www.taxtmi.com/caselaws?id=469833 Service tax was treated as inapplicable to the differential between ocean freight paid and freight recovered from customers, and to any mark-up on ocean freight. Reimbursements for boat hire, launch hire, barge expenses and watchman charges, where incurred as a pure agent, were held outside the taxable value for the disputed period. Gains arising from foreign exchange fluctuation were also treated as non-taxable service consideration. The overall effect was that these items were not includible in the service tax base for the period before the relevant statutory change or recognised taxability, and the demand was set aside. en-us Tue, 03 Mar 2026 00:00:00 +0530 Mon, 06 Jul 2026 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469833 Service tax was treated as inapplicable to the differential between ocean freight paid and freight recovered from customers, and to any mark-up on ocean freight. Reimbursements for boat hire, launch hire, barge expenses and watchman charges, where incurred as a pure agent, were held outside the taxable value for the disputed period. Gains arising from foreign exchange fluctuation were also treated as non-taxable service consideration. The overall effect was that these items were not includible in the service tax base for the period before the relevant statutory change or recognised taxability, and the demand was set aside. Case-Laws Service Tax Tue, 03 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469833