2018 (9) TMI 1587

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....(Technical) Shri. S. Sunder Raman, Managing Director for the Appellant Shri. K. Veerabhadra Reddy, JC (AR) for the Respondent ORDER Per Bench, Brief facts are that appellants are engaged in providing Insurance Auxiliary Service through insurance agents as insurance intermediary in General Insurance Business. They are registered under the category of Insurance Auxiliary Services. The....

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..... Show Cause Notice was issued proposing to demand the service tax along with interest and for imposing penalties. After due process of law, the Commissioner confirmed the demand of Rs. 1,07,73,577/- along with interest and imposed penalty under Section 76 of the Finance Act. Aggrieved, the appellants are now before the Tribunal. 2.1 Today, when the matter came up for hearing, Managing Director....

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....ted abroad, the appellant had been claiming exemption from payment of service tax under Export of Service Rules, 2005. 2.2 He placed reliance on the decision of the Hon'ble Supreme Court in the case of M/s. J. B. Boda and Co. (Pvt.) Ltd., reported in 223 I.T.R. 271 and also the CBDT Circular No. 731 dt. 20.12.1995 wherein it is held that brokerage can be paid either by allowing the brokers to d....