Reverse charge not applicable as supply of ISO tankers by foreign supplier amounts to deemed sale

SRF Ltd Vs Commissioner LTU (CESTAT Delhi)

CESTAT Delhi held that supply of ISO Tankers on lease/rental basis by foreign suppliers to the appellant would amount to a deemed sale and accordingly, reverse charge not applicable on the same under ‘supply of tangible goods for use’.

Facts- M/s SRF Ltd. (Chemical Business) seeks to assail the order dated 29.07.2016 passed by the Commissioner LTU (Audit), New Delhi, confirming the demand of service tax with interest and penalty for the reason that the ap

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