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2016 (6) TMI 831 - AT - Service TaxExport of services or not - providing services to foreign companies for promoting their product in India - Revenue entertained a view that since said service were being obtained in India and were being utilized in India, the same cannot be held to be export of services so as to extend the benefit of Export of Service Rules, 2005 - Held that:- Even the Hon’ble Madras High Court in the case of Suprasesh General Insurance Services & Brokers P. Ltd. vs. CST, Chennai [2015 (9) TMI 1219 - MADRAS HIGH COURT] has considered an identical situation and held that such set of arrangement would amount to receiving the consideration in Indian rupee would amount to receiving the consideration in convertible foreign exchange only. - Demand set aside - Decided in favor of assessee.
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