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of <h1>CESTAT Chennai: Pre-deposit waived for service tax, interest, penalty on 'Business Exhibition service' outside India</h1> <h3>PRICOL LTD. Versus COMMR. OF C. EX. & ST., COIMBATORE</h3> The Appellate Tribunal CESTAT CHENNAI ruled in favor of the applicants, waiving the pre-deposit requirement of service tax, interest, and penalty related ... Business Exhibition service - reverse charge mechanism - Held that:- In the case of Merino Industries Ltd. v. Commissioner of Central Excise, Meerut-II reported in [2011 (7) TMI 820 - CESTAT, NEW DELHI] on the same issue this Tribunal has granted unconditional waiver of pre-deposit of entire amount of service tax, interest and penalty in similar facts. Therefore, the applicants are entitled for waiver of pre-deposit. Following the ratio of the precedent decision, in this matter also, we find that the applicants had made out a case for waiver of the pre-deposit. Accordingly, we waive the requirement of pre-deposit of the entire amount of Service Tax, interest and penalty and stay recovery thereof during the pendency of the appeal - stay granted. The Appellate Tribunal CESTAT CHENNAI ruled in favor of the applicants who participated in an exhibition outside India and availed 'Business Exhibition service.' The Tribunal waived the pre-deposit requirement of service tax, interest, and penalty, following a precedent decision. Recovery of the amount was stayed during the appeal.
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