CESTAT Chennai deems petitioner's payment under Central Excise Act compliant, exempting further predeposit.

The Appellate Tribunal CESTAT Chennai held that the petitioner's payment towards the service tax demand and disallowed cenvat credit was substantial. The tribunal deemed this payment compliant with Section 35F of the Central Excise Act, 1944, and exempted the petitioner from making further predeposit for the outstanding balance, encompassing interest and penalties, pending the appeal process.

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The Appellate Tribunal CESTAT Chennai ruled that the petitioner had paid a significant portion of the service tax demand and cenvat credit disallowed. The tribunal accepted this payment as sufficient for compliance with Section 35F of the Central Excise Act, 1944, and waived the predeposit of the remaining balance, including interest and penalties, during the appeal process.

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