CESTAT waives pre-deposit & stays recovery of Service tax pending appeal for clearing agents. The Appellate Tribunal CESTAT (New Delhi) waived the pre-deposit and stayed recovery of Service tax of Rs. 2,28,533 pending appeal for the period July ...
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CESTAT waives pre-deposit & stays recovery of Service tax pending appeal for clearing agents.
The Appellate Tribunal CESTAT (New Delhi) waived the pre-deposit and stayed recovery of Service tax of Rs. 2,28,533 pending appeal for the period July 2001 to August 2002 by the appellants, who were acting as clearing and forwarding agents for M/s. Cipla Ltd. The Tribunal found merit in their argument that they are not liable for Service Tax based on a precedent, scheduling the appeal for regular hearing on 14-1-2005.
The Appellate Tribunal CESTAT (New Delhi) directed the appellants to pay Service tax of Rs. 2,28,533 for the period July 2001 to August 2002. The appellants, acting as clearing and forwarding agents for M/s. Cipla Ltd., argued they are not liable for Service Tax based on a precedent. The Tribunal found merit in their argument, waived the pre-deposit, and stayed recovery pending appeal. The appeal is scheduled for regular hearing on 14-1-2005.
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