Muys' en De Winter's Bouw- en Aannemingsbedrijf BV v Staatssecretaris van Financiën (C-281/91)

Judgment of 27 Oct 1993

law://eu/cjeu/1991/c-281-91/para_13@2026-11-14

13Although the exemptions provided for in Article 13 are to be interpreted strictly (see Case 348/87 Stichting Uitvoering Financiële Acties v Staatssecretaris van Financiën [1989] ECR 1737), nevertheless, in the absence of any specification of the identity of the lender or the borrower, the expression ‘the granting and the negotiation of credit’ is in principle sufficiently broad to include credit granted by a supplier of goods in the form of deferral of payment. Contrary to the Commission's view, the wording of that provision in no way suggests that there is any limitation on the scope of Article 13(B)(d)(1) only to loans and credits granted by banking and financial institutions.

Muys' en De Winter's Bouw- en Aannemingsbedrijf BV v Staatssecretaris van Financiën (C-281/91)

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