Services by Indian Subsidiary to Foreign Holding Company Qualify as Export of Services: Bombay HC

Sundyne Pumps and Compressors India Pvt Ltd Vs Union of India (Bombay High Court) In recent case of Sundyne Pumps and Compressors India Private Limited vs UOI, Bombay HC, held that  the primary requirement to satisfy the definition of an “agent” is that the agent supplies goods or services or both on behalf of principle. But this does not make every time subsidiary as “agent” of Holding company. And therefore, service supplied by Indian Subsidiary to foreign holding company is eligible for Export of Service. The Petitioner supplies engineering services for industrial and manufacturi...