In the instant case, there are eight appeals and three cross-objections filed on the following common issues:
The Hon’ble CESTAT, Mumbai, relying upon the decision in the case of Gray World Wide India Pvt. Ltd. vides final order No. A/1337-1338/14/CSTB/CI dated July 30, 2014, held that Service tax is not leviable on these amounts inasmuch as these are either incentives or accounting adjustments and not consideration for any services rendered.
Accordingly, the Appeals filed by the Revenue were rejected while the appeals filed by the Assesses were allowed.