Appellant in acquiring funds through
issue of Foreign Currency Convertible Bond (FCCB). The proceeds have
been received outside India after deduction of amount
Appellant in acquiring funds through
issue of Foreign Currency Convertible Bond (FCCB). The proceeds have
been received outside India after deduction of amount
Appellant in acquiring funds through
issue of Foreign Currency Convertible Bond (FCCB). The proceeds have
been received outside India after deduction of amount
Appellant in acquiring funds through
issue of Foreign Currency Convertible Bond (FCCB). The proceeds have
been received outside India after deduction of amount
information from them relating to their foreign
currency transactions relating to the FCCB/GDR issues
which they promptly provided vide their letter dated ... foreign exchange as
well as the information about raising the GDR and FCCB
were all reported in their annual financial statements
7
ST/40458/2014
documents it was observed
3 (ISD)
4
GDR
5 ECB
6
FCCB
3
that the appellant was not paying Service Tax on 'Banking ... providers located outside India.
3. The appellant has received services of ECB, FCCB & GDR from
various service providers, such as Barklays Bank Plc, London
services in relation to issue and receipts of Foreign Currency Convertible Bond (FCCB) in Singapore, a place outside India, be used for paying central excise ... service providing locations.
2.2 The respondent had issued Foreign Currency Convertible Bonds (FCCB) in November 2006 for which various services were availed by it from
payable on services received by for issue of Foreign Currency Convertible Bond (FCCB) in foreign countries for raising of funds in foreign exchange needed ... needs no further examination. In the third series of FCCB issued, M/s J.P. Morgan Securities Ltd. (JPMS for short), U.K. was acting
Central Excise Tariff Act 1985. They had issued Foreign
Currency Convertible Bonds (FCCB) in overseas markets during
the period 29.09.2005 to 4.10.2005 for raising ... undertake
all the activities which were necessarily required for issue of
FCCB. They submitted that for providing the services, M/s JIL
was paid
External Commercial Borrowings (ECB) & 'Foreign Currency
Convertible Bonds' (FCCB) for which they have received services of various
service providers viz., Merchant Bankers ... their
services in Foreign Currency for raising funds through ECB & FCCB. Since
these service provider were located outside India, as per Rule