Freight Concession Under LWIS Not Taxable as Supply of Tangible Goods Service: CESTAT Hyderabad

UltraTech Cement Ltd Vs Commissioner of Central Tax (CESTAT Hyderabad) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad, allowed six appeals filed by UltraTech Cement Ltd against Orders-in-Appeal that had upheld Orders-in-Original confirming service tax demands, interest, and penalties under Sections 76, 77, and 78 of the Finance Act, 1994. The demands were raised on the allegation that the appellant had supplied its privately owned railway wagons to the Indian Railways under the Liberalized Wagon Investment Scheme (LWIS) and received freight concession as considerati...