2014 (11) TMI 503

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... S Meena, Addl.Commr (AR) JUDGEMENT Per: Ashok Jindal: The appellant is in appeal against the impugned order wherein service tax has been demanded along with interest from them by invoking the extended period of limitation. 2. The facts of the case are that the appellants have an agreement for lending the money by BNP Paribas to purchase aircraft. BNP Paribas agreed to lend the money to the app .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed from the same, the appellant is before us. 3. Shri Sunil Agarwal, ld. Counsel for the appellant appeared before us and submits that the appellant is not liable to pay service tax as the amount of insurance guarantee was paid by BNP Paribas to COFACE France for providing insurance guarantee on the money lended (sic) on account of insurance premium of the money lended (sic) to the appellant. The .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... se circumstances, the appellant is required to pay service tax under Reverse charge mechanism. He further submits that the appellant has suppressed the fact that on the said amount of insurance guarantee they are not paying service tax, therefore, the ld. Commissioner has rightly invoked the extended period of limitation. In these terms, the impugned order is required to be upheld. 5. Heard the p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X