No Service Tax on Foreign IPR: CESTAT Ahmedabad

Crest Speciality Resins Pvt Ltd Vs C.C.E. & C.-Anand (CESTAT Ahmedabad) The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in the case of Crest Speciality Resins Pvt Ltd Vs C.C.E. & C. – Anand (CESTAT Ahmedabad) has delivered a significant ruling, stating that no service tax is applicable on fees and royalty for Intellectual Property Rights (IPR) not registered in India and owned by a foreign company. Background: Crest Speciality Resins Pvt Ltd, a manufacturer of unsaturated/saturated polyester resins and other excisable goods, entered into an agreement with Benased...