2015 (12) TMI 813

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.... Shri B.B. Sharma, DR, for the Department. ORDER The appellant M/s. Bank of India filed an appeal against Order-in-Appeal dated 30-5-2014 in terms of which Service Tax demand of Rs. 7,60,141/- was confirmed on account of denial of Cenvat credit on rent-a-cab service on the ground that the said service was utilised by them for providing currency chest service which is not a taxable service a....

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....f Jaypee Sidhi Cement Plant v. C.C.E., Bhopal - 2014 (2008) L.C.X. 0088, even services in relation to maintenance and first aid box have been allowed as input service. (iv)   They need currency chest to provide their banking and financial service inasmuch as they need cash to provide such banking and financial services in respect of foreign exchange transactions, ATM withdrawals beyon....

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....at all under the Finance Act, 1994 and therefore to say that it is an exempted service defies logic inasmuch a service can be exempted only if it is taxable to begin with. Even if it is presumed for the sake of argument that currency chest service is an exempted service, it has not been brought out as to whom they were providing the so called currency chest service (except to themselves) to sustai....