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2018 (8) TMI 699 - AT - Service TaxBanking and other Financial Services - Benefit of N/N. 6/2006- ST dated 01.03.2006 - appellant, agent of RBI - It was contended by the Department that CBEC vide its Circular No. 356/53/2007 TRU has clarified that service is leviable on the taxable services provided irrespective of status of the consumer of service - Held that:- The appellants are working as an agent of RBI in the discharge of sovereign functions, therefore, whatever exemption is applicable to RBI, that should also be applicable to the appellants who are working as an agent in the discharge of statutory/sovereign functions. Issue is squarely covered by the decision in the case of M/S. CANARA BANK VERSUS CST, BANGALORE [2012 (6) TMI 274 - CESTAT, AHMEDABAD], where it was held that Exemption to the principal would be available to the agent also. Appeal allowed - decided in favor of appellant.
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