Activities Classified as Trading, Not Business Auxiliary Service; No Service Tax on High Sea Sales with 1-1.5% Mark-Up.

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Full Text of the Document

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....Business Auxiliary service (BAS) - import as well as export of these items on behalf of various traders/merchants - sale of goods on high sea basis - mark-up ranging from 1% to 1.5% of the value of the goods - the activity is in the nature of trading - not liable to service tax - AT....