2024 (3) TMI 1311

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....Senior Advocate with Mr. Kumar Visalaksh, Mr. Udit Jain & Mr. Ajitesh Dayal Singh, Advocates. For the Respondents Through: Mr. Asheesh Jain, CGSC with Mr. Gaurav Kumar, Ms. Ria Khanna with Mr. Aakash Meena, GP for R-1. Mr. Atul Tripathi, Senior Standing Counsel CBIC with Mr. V. K. Attri, Advocate for R-2, 3 & 4. ORDER CM APPL. 12197/2024 (Exemption) Allowed, subject to all just excepti....

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....ovision of only a Corporate Guarantee to an associate company is like an in-house guarantee and does not amount to providing any services. 4. Learned Senior Counsel further refers to the order dated 17.03.2023 of the Supreme Court in Civil Appeal (Diary No). 5258/2023 titled Commissioner of CGST & Central Excise Vs. M/s. Edelweiss Financial Services Ltd to contend that issuance of Corporate Gua....

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....already appeared and provided the requisite information. 7. Learned Senior Counsel further submits that the provision of Corporate Guarantee is in the nature of a contingent contract which is not enforceable till the guarantee is enforced by the entity to which the guarantee is provided. He further submits that the value of enforcement is not dependent on the value of the guarantee and it is on....