Bank charges paid to foreign bank not taxable under RCM: CESTAT Delhi

Artifacts India Vs Commissioner of Central Excise (Appeals) (CESTAT Delhi) CESTAT Delhi held that bank charges paid to foreign bank is not taxable in India under Reverse Charge Mechanism as the said services has been provided outside the taxable territory and hence outside the purview of section 66B for levy of service tax. Facts- The appellant is a proprietorship concern and is engaged in the manufacturing of various paper products, including paper boxes, bags, and gift sets, as well as handicraft items. The Appellant is registered as a 100% EOU. During the period 01.04.2007 to 31.03.2012, th...