CESTAT Holds No Service Tax on Foreign Bank Charges for Export Remittances; Follows Precedents in Appellant’s Cases

CESTAT exempted service tax on foreign bank charges for export remittances, affirming these qualify as "export of service" under Place of Provision Rules, 2012. The tribunal followed appellant-favorable precedents, noting services were consumed overseas. This reinforces exporters' position that remittance handling fees aren't taxable in India, reducing compliance burdens and transaction costs for cross-border trade.