Appellate Tribunal grants waiver of pre-deposit and stay of recovery for service tax and penalty.

The Appellate Tribunal CESTAT CHENNAI ruled in favor of the appellants, granting waiver of pre-deposit and stay of recovery for the service tax and penalty amounts in a case concerning duty and education cess on CENVAT credit for Business Auxiliary Service.

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The Appellate Tribunal CESTAT CHENNAI found a prima facie case for the appellants against the impugned demand related to duty and education cess on CENVAT credit for Business Auxiliary Service. The tribunal granted waiver of pre-deposit and stay of recovery for the service tax and penalty amounts.

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