TaxTMI 
TaxTMI 
Whether leasing out of tankers is chargeable to service tax under the category of “Banking and Financial Services”
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....hether leasing out of tankers is chargeable to service tax under the category of “Banking and Financial Services” <br>News and Press Release<br>Dated:- 12-9-2007<br><BR>In the present case (report....
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....ed in 2007 -TMI - 1637 - CESTAT, CHENNAI - Service Tax) the assessee is the manufacturers of oxygen and nitrogen (both in gaseous and liquid forms). These chemicals are cleared from factory in cryogen....
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....ic tankers. The appellants are possessed of such tankers which, when not required for their purpose, are leased out to other parties. Honorable tribunal after considering the facts and circumstances,....
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.... has found that Apparently this activity is not covered under "Banking and Financial Services" and granting stay or recovery pre-deposit of demand.<BR> News - Press release - PIB....