Notional Surplus earned from Purchase and Sale of Cargo Space in Shipping Line not falls under Business Auxiliary Service: CESTAT sets aside Demand of Service Tax [Read Order]
The CESTAT set aside the demand of service tax on Notional Surplus Earned From the Purchase and Sale of Cargo Space in the Shipping Line
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that notional surplus earned from the purchase and sale of cargo space in the shipping line does not fall under business auxiliary service and set aside the demand of service tax. Chinubhai Kalidass & Bros, the appellant challenged…
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