Arrangement and Agent's Bank Fees for Lender Syndication Taxed as Imported Services Outside India.

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Full Text of the Document

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....Import of services - Arrangement Fees and Agent's Bank fees - Amount paid to Mandated Lead Arrangers (MLAs) to procure lenders/lender syndicate for the appellant. - services have been received by the appellant-assessee beyond the Indian Territory - The activity is chargeable to service tax - AT....