CESTAT grants waiver of pre-deposit for Cenvat credit case involving overseas commission service tax. The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of tax Rs. 2,44,783/- and penalty of Rs. 10,000/- in a case involving Cenvat credit ...
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CESTAT grants waiver of pre-deposit for Cenvat credit case involving overseas commission service tax.
The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of tax Rs. 2,44,783/- and penalty of Rs. 10,000/- in a case involving Cenvat credit of service tax paid on overseas commission. The applicant was found eligible for the credit as the service was related to the manufacture of final goods. The pre-deposit of tax and penalty was waived until the appeal's disposal, with the stay petition being allowed.
The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of tax Rs. 2,44,783/- and penalty of Rs. 10,000/- in a case involving Cenvat credit of service tax paid on overseas commission. The applicant, as the recipient of the service, was found eligible for the credit as the service was related to the manufacture of final goods. The pre-deposit of tax and penalty was waived until the appeal's disposal, with the stay petition being allowed.
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