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Case nº Misc. Order No. AAR/01(ST)/2006 in Application No. AAR/14(ST)/2006 of Authority for Advance Rulings, December 05, 2006 (case Arisaig Partners (India) Pvt. Ltd. Vs Commissioner of Central Excise Service Tax, Division-I)

Judgment Cited in Precedent Map Related
Vincent
PresidentSyed Shah Mohammed Quadri, J. (Chairman) and B.A. Agrawal, Member
Resolution DateDecember 05, 2006

Order:

(Central Excise, Customs And Service Tax)

Syed Shah Mohammed Quadri, J. (Chairman)

  1. The applicant is a wholly owned subsidiary Indian company of AP Asia, a foreign company. It is stated that it would be providing, among others investment research and other advisory services. It has entered into an agreement with holding company for providing services on fees which are claimed to be at arm's length on total costs over a financial period.

  2. On the aforementioned facts, it has sought an advance ruling of the Authority on the following question:

    Whether investment research and advisory services proposed to be provided by AP India to the overseas entity fulfill the eligibility conditions provided in the Export of Services Rules, 2005 (as amended), which have been introduced by Notification No. 9/2005-section T.dated March 3,2006?

  3. On examination of the application and comments of the Commissioner, we are of the view that none of the clauses in the proviso to Sub-section (2) of Section 96D of the Finance Act, 1994 is attracted. We therefore allow this application for the purpose of pronouncement of advance ruling on the aforementioned question under Sub-section (4) thereof.

  4. Let the applicant be informed that under...

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