CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL MUMBAI WEST ZONAL BENCH Service Tax Appeal No. 86325 of 2017 (Arising out of Order-in-Original No. 26/STA-I/SN/16-17 dated 10.03.2017 passed by the Commissioner of Service Tax Audit I, Mumbai)

Standard Chartered Finance Pvt. Ltd. …..Appellant Parinee Crescenzo, 7^th Floor Finance Division C-38/39 G-Block, Behind MCA Club BKC Bandra East, Mumbai VERSUS Principal Commissioner of CGST & …..Respondent Central Excise, Mumbai I

115, New Cen Ex Bldg., MK Road, Opp Churchgate Station, Mumbai APPEARANCE:

Shri Jay Chheda, Advocate with Shri Aniket Barwe, Advocate for the appellant Ms S Varalakshmi, Addl Comm(AR) for the respondent CORAM:

HON’BLE MR. AJAY SHARMA, MEMBER (JUDICIAL)

HON’BLE MR. A K JYOTISHI, MEMBER (TECHNICAL)

FINAL ORDER No: 85693/2026 DATE OF HEARING : 17.03.2026 DATE OF DECISION : 13.05.2026 Per: AJAY SHARMA This appeal is directed against the Order-in-Appeal dated

10.03.2017 passed by the Commissioner of Service Tax, Audit-I, Mumbai (hereinafter referred to as the "impugned order"), whereby the learned Commissioner (Appeals) confirmed the demand of Service Tax amounting to Rs. 2,73,40,175/- (Rupees Two Crore Seventy-Three Lakhs Fort