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Service tax liability for m/c on rent/ lease/loan

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(Querist)
25 September 2012 Sir,
If we get machines from customer on lease/ rent / loan for the production of their components, whether there is liability of Service tax or Excise arise?

AVK
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
25 September 2012 Excise duty will be applicable.

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