Is it Import Services or Input Services ? in Amendment to Notification No. 5/2006-CE(NT)
WHILE the noble intentions with which the amendments were brought into Notification No. 5/2006-CE (NT) are widely welcomed by the Trade and Industry, it appears that t he amendment itself was made in haste. Take a look at this clause in the amending Notification 07/2010-CE (NT):
(iii) the portion beginning with the brackets and letter “(A)” and ending with the brackets, letter and words “(b) Output Services-”, and portion beginning with the brackets and letter (B) and ending with the brackets, letter and words “(b) Import Services ” shall be omitted;
The only problem is however much you search in the notification, you will not find Import Services
Actually, instead of "(b) Import Services", it should have been "(b) Input Services". Though this lapse is not significant and does not impact the outcome of the proposed amendments, nevertheless the amending notification requires another amendment to set the record straight.
Notification No. , Dated: February 27, 2010