Concept ‘Allowed Loss and Consumption’ would not Qualify as ‘Consideration’ for Levy of Service Tax: CESTAT [Read Order]

In a recent case,  the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) New Delhi held that the concept of “allowed loss and consumption” in the Agreement between the parties was to remit performance of the obligation and would not qualify as “consideration” for the services of regasification. In the instant case Service […]

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