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Safeguarding Gold in Vaults Covered by Rule 6(2)(iv) of Service Tax Rules 2006, Includes Gold Loans.

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Full Text of the Document

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....Activity of safe keeping of gold in its vaults - prima facie the provisions of Rule 6(2)(iv) of Service Tax (Determination of Value) Rules 2006 will apply not only to monetary loan but also to loan given in the form of gold - AT....