TMI Blog2016 (4) TMI 1383X X X X Extracts X X X X X X X X Extracts X X X X ..... not exigible to service tax. The concept of the transaction is that KSFE provides service by releasing funds to a person in India, as a result of the money transferred through M/s. Paul Merchants Ltd., which is PML , for short. The Tribunal has noted that as a matter of fact, if a person pays money in England or elsewhere outside India to be given to his relative in India and the KSFE by virtue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsel appearing for the respondent. The short issue that arises for decision in this appeal is as to whether the CESTAT was justified in holding that the respondent KSFE was not liable to service tax for the transactions which were subject of consideration. 2. In Muthoot FinCorp. Ltd. v. CCE, Visakhapatnam [2010 (17) S.T.R. 303 (Tri. - Bang.)], the Tribunal had taken the view that similar transa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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