9911796707
TMI Blog2013 (9) TMI 469X X X X Extracts X X X X X X X X Extracts X X X X ..... aring and Forwarding Agent" - Whether activity of Del Credere agent can be taxed retrospectively - The activity cannot be held liable to service tax prior to the enactment - as decided in CST, BANGALORE V/s SREENIDHI POLYMERS (P) LTD. (2010 (3) TMI 333 - KARNATAKA HIGH COURT) - The period of dispute in the present case is 1999-2000 & 2000-2001 - activity of "Del Credere Agent" was brought under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sible for collection of sale proceeds and promotion of sale of the products within the territory. The department was of the view that the service rendered by the appellant was liable to service tax under the category of "Clearing Forwarding Agents" service and accordingly, a notice dated 08/05/2002 was issued demanding service tax of Rs. 3,89,104/- for the period 1999-2000 2000-2001 along with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... directly and the bills/invoices were handed over to the appellant for the purpose of collection/due payment and in case the buyers failed to make the payment, the appellant was responsible for making payment to M/s. Reliance Industries Ltd. As per the terms of the agreement, the appellant was acting as a "Del Credere Agent" and not as a "Clearing and Forwarding Agent" as contended by the departmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Ld. AR appearing for the Revenue fairly concedes the issue and submits that the issue involved is already covered by the decisions relied upon by the Ld. counsel for the appellants. 5. We have carefully considered the submissions made by both the sides. 5.1 The period of dispute in the present case is 1999-2000 2000-2001. The activity of "Del Credere Agent" was brought under the service ..... X X X X Extracts X X X X X X X X Extracts X X X X
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