2015 (11) TMI 1260

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..... an Khanna, AR ORDER Per B Ravichandran The applicant is praying for stay of recovery of demanded service tax amount of Rs. 5,08,081/- along with penalties imposed by the original order dated 24.6.2013 upheld by the impugned order dated 31.3.2014. 2. The applicant is engaged in export of garments and realize the sale proceeds of such exported items through banking channel. Against Bill issued b .....

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..... . Counsel for applicant submitted that there is no contract or understanding between the applicant and the foreign bank for providing any service. The foreign importers instruct the bank at their end to transfer the invoiced amount to the exporter's bank in India. As such there is no service provider - service recipient relationship between the applicant and the foreign bank. The ld. Counsel r .....

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