CESTAT ruling: Deposit Rs. 40,000 within 4 weeks for service tax waiver The Appellate Tribunal CESTAT NEW DELHI ruled that the applicants must deposit Rs. 40,000 within 4 weeks, with the remaining amount of service tax waived ...
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CESTAT ruling: Deposit Rs. 40,000 within 4 weeks for service tax waiver
The Appellate Tribunal CESTAT NEW DELHI ruled that the applicants must deposit Rs. 40,000 within 4 weeks, with the remaining amount of service tax waived upon this deposit. The tribunal found that school bus and building were not eligible for credit as inputs for manufacturing goods. The case was adjourned to 25th August, 2008 for compliance.
The Appellate Tribunal CESTAT NEW DELHI ruled on a case involving waiver of duty and penalty. The applicants sought waiver for duty of Rs. 1,15,181/- and penalty related to service tax on insurance charges for vehicles. The tribunal found that school bus and building were not eligible for credit as inputs for manufacturing goods. The applicants were directed to deposit Rs. 40,000/- within 4 weeks, with the remaining amount of service tax waived upon this deposit. Adjourned to 25th August, 2008 for compliance.
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