Exempts the taxable service in relation to inter-bank transactions of purchase and sale of foreign currency, provided to a Scheduled bank, by any other Scheduled bank - 19/2009 - Service Tax

Rescinded vide Notification No. 34/2012- Service Tax, Dated 20/06/2012

Exempts the taxable service in relation to inter-bank transactions of purchase and sale of foreign currency,  provided to a Scheduled bank, by any other Scheduled bank

Notification No. 19/2009 - Service Tax

New Delhi, the 7th July, 2009

G.S.R. 491(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service, referred to in sub-clause (zm) or (zzk), as the case may be, of clause (105) of section 65 of the Finance Act, provided to ¹[any bank, including a bank located outside India, or money changer, by any other bank or money changer], in relation to inter-bank transactions of purchase and sale of foreign currency, from the whole of the service tax leviable thereon under section 66 of the said Finance Act.

[F.No.334/13/2009-TRU]

(Prashant Kumar)

Under Secretary to the Government of India

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Notes:

1. Substituted vide notification no. 27/2011 ST dated 31.3.2011 w.e.f. 1.4.2011, before it was read as, “a Scheduled bank, by any other Scheduled bank”