2009 (11) TMI 187

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..... penalty under the category of “Consulting Engineer” on service rendered by the foreign company during the period 7-7-1997 to 23-2-2001. Commissioner (Appeals) modified the adjudication order insofar as allowing the deduction of cost drawing from the taxable value and reduced demand. Hence the assessee and the revenue filed the appeals. In the light of the decision of Indian National Shipowners As .....

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..... e assessee entered into a Joint Venture agreement with M/s. TRW Inc., USA, who will provide technical know-how to the assessee. As per agreement, the assessee paid technical know-how fees and royalty to foreign company. The original authority confirmed the demand of service tax of Rs. 17,64,295 and imposed penalty under the category of "Consulting Engineer" on service rendered by the foreign compa .....

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