2007 (8) TMI 198

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..... services would be classifiable as ‘Business Support Service’ and taxable only w.e.f. 1.5.06 – Classification under ‘Business auxiliary service’ is unjustified
[Order per : T.K. Jayaraman, Member (T)]. - This appeal has been filed against the Order-in-Appeal No. 26/06-ST., dated 22-2-2006 passed by the Commissioner of Customs & Central Excise (Appeals), Cochin. 2. The revenue proceeded against .....

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..... nd Smt. Sudha Koka, the learned SDR, for the Revenue. 4. The learned Advocate stated that the appellant Shri SR. Kalyanakrishnan has been appointed by M/s. ICICI Ltd., Mumbai in terms of agreement dated 16-7-01. As per the agreement, the appellant has to verify the correctness, fairness and authenticity of information furnished by those seeking loan from ICICI Bank. The types of verification are .....

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..... Therefore the conclusion arrived at by the lower authorities is erroneous. Moreover, the job undertaken by the appellant is evaluation of prospective customers to ICICI. This service is "Business Support Service" and taxable with effect from 1-5-2006 only. As the service in the present case was rendered prior to 1-5-2006, there is no liability on the part of the appellant. 5. The learne .....

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