SEZ Developer Entitled to Service Tax Refund for Authorised Operations Under Section 26: CESTAT Mumbai

Reliance Industries Ltd. Vs Commissioner of Central Excise (CESTAT Mumbai) The appeal challenged an order of the Commissioner (Appeals), Mumbai Zone I, which upheld rejection of the appellant’s claim for refund of service tax paid on banking and other financial services provided by NSDL. The appellant, a developer that had established a unit in a Special Economic Zone (SEZ) at Jamnagar, sought refund of Rs. 12,32,233 under Section 26 of the Special Economic Zones Act, 2005, contending that, as an SEZ developer, it was not liable to bear service tax on services received for authorised ope...