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2018 (5) TMI 825 - AT - Service TaxBanking and other Financial Services - reverse charge mechanism - For providing services, either the intermediary Bank or foreign Bank deduct certain amount and remit the balance amount to the appellant’s Bank account - Held that: - the issue arising out of present dispute is no more res-integra, in view of the decision of this Tribunal in the case of M/s. Dileep Industries Pvt. Ltd. vs. CCE, Jaipur [2017 (10) TMI 1231 - CESTAT NEW DELHI], where it was held that while exporting their goods, they lodged their bills for collection to the Indian Bankers who in turn send the same to the foreign banks. The foreign banks while remitting the money to the Indian Bank, deduct their charges for collection of bills which in turn are charged by the Indian Banks from the appellants. When it is so, then the appellant are not entitled to pay the service tax. Appeal allowed - decided in favor of appellant.
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