2014 (10) TMI 312

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....en in the table below: S. No. Appeal No. Name of the party Period involved ST demand By order No. & Date 01 ST/289/09 Wall Street Finance Ltd. 15/03/05 To 31/03/08 4,31,28,665 14/STC/BR/09-10 dated 28/10/09 02 ST/114/10 Wall Street Finance Ltd., 01/04/08 To 31/09/09 2,38,66,603 29/STC/BR/09-10 dated 25/02/09 03 ST/96/10 Weizmann Forex Ltd., 15/03/05 To 31/03/08 5,12,34,843 23/STC/BR/09-10 dated 21/01/10   In addition to the confirmation of the service tax demand, interest thereon has also been confirmed and penalties have been imposed under Sections 76, 77 & 78 of the Finance Act, 1994. Aggrieved of the same, the appellants are before us. 2. The appellants, M/s. Wall Street Finance Ltd. and M/s. Wei....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... purpose of export of service under Export of Service Rule, 2005. BAS is classified under Rule 3 (1) (iii) of the said Rules and the conditions required to be satisfied for export are the services should be provided in India and used outside India and the consideration should be received in convertible foreign exchange. It is his submission that in this case no doubt the appellant/service provider has provided services and therefore, the service has been provided in India. As far as the usage of service is concerned, the recipient is Western Union, who is situated abroad and therefore, services have been used outside India. Consideration has been received in convertible foreign exchange. Thus the conditions required for classification as ex....