No Service Tax On Ocean Freight/Sea Transportation Services: Bombay HC

Sanathan Textile Pvt Ltd. Vs Union of India (Bombay High Court) The Bombay High Court recently delivered a significant verdict in the case of Sanathan Textile Pvt Ltd. vs. Union of India, shedding light on the taxation of ocean freight in the context of CIF (Cost, Insurance, and Freight) contracts. The case revolved around the imposition of service tax on the importer for the transportation of goods in a vessel provided by a person located in a non-taxable territory to a person located in another non-taxable territory, from a place outside India up to the customs station for clearance in India...