Indian Bank liable for Service Tax on Bank Charges paid to Foreign Banks for Imports/Exports

Dishman Pharmaceuticals & Chemicals Ltd Vs C.S.T.-Service Tax  (CESTAT Ahmedabad)

Introduction: The CESTAT Ahmedabad issued a significant ruling regarding the service tax liability of Indian banks for foreign bank charges connected to the import or export of goods. The case, Dishman Pharmaceuticals & Chemicals Ltd Vs C.S.T.-Service Tax, delves into the responsibility of Indian banks when foreign banks deduct certain charges from the proceeds of exported goods.

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