No ST on brokerage from overseas reinsurance even if amount received in Rupees

Bharat Re-insurance Brokers Pvt. Ltd Vs Commissioner of Central Excise, Customs and Service Tax (CESTAT Hyderabad) The issue under consideration is whether the contention if the appellant is correct that they are not liable to pay service tax on brokerage received from overseas reinsurance on the ground that the service falls under the category of export of service? In the present case, the appellant acts as reinsurance brokers and arranges for reinsurance of Indian insurance companies with overseas reinsurers. They retained the amounts as a brokerage in Indian Rupees by deducting instead of r...