2014 (8) TMI 985

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....resh Jain, D.R., for the Appellant. Shri Akhil Gupta, C.A., for the Respondent. ORDER [Order per : Justice G. Raghuram, President]. - Ld. Division Bench of this Tribunal in M/s. Canara Bank v. CST, Bangalore - 2012-TIOL-790-CESTAT-AHM = 2012 (28) S.T.R. 369 (Tri.), interpreted provisions of Notification No. 22/2006-S.T., dated 31-5-2006 as extending the benefits of the exemptions enumerat....

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....tral Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the following taxable services from the whole of the service tax leviable thereon under section 66 of the said Finance Act, namely : - (i)      taxable services provided or to be provided to any person, by the Reserve Bank of India; (ii)     ta....

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.... SCC 587 & Manu/S.C./0636/1997). 4. Prima facie, it appears to us that since it is settled law that an exemption Notification must be strictly and narrowly construed, treating a bank authorised by the RBI (to transact Government business) as the agent of the RBI and thus entitled to exemptions clearly confined to the RBI (under Notification No. 22/2006-S.T.), is an interpretation that warr....