G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service, referred to in sub-clause (zm) or (zzk), as the case may be, of clause (105) of section 65 of the Finance Act, provided to any bank, including a bank located outside India, or money changer, by any other bank or money changer [OLD- a Scheduled bank, by any other Scheduled bank,] in relation to inter-bank transactions of purchase and sale of foreign currency, from the whole of the service tax leviable thereon under section 66 of the said Finance Act.

(In this notification the words "any bank, including a bank located outside India, or money changer, by any other bank or money changer" substituted vide NTF. NO. 27/2011-ST, DT. 31/03/2011)

[F.No.334/13/2009-TRU]
 

(Prashant Kumar)
Under Secretary to the Government of India