https://www.taxtmi.com/caselaws?id=75169 The Appellate Tribunal CESTAT, Chennai, granted the applicants a waiver of predeposit of service tax amounting to Rs. 3,31,500, along with interest and penalty under Sections 78 and 76 of the Finance Act, 1994. This decision was based on the applicants' strong argument that despite receiving payment in Indian currency for services provided to a customer in Mauritius, they should be entitled to the benefit of Notification No. 21/2003-S.T. The Tribunal relied on a previous case precedent to support the applicants' claim and emphasized that the discrepancy in payment currency was not due to the applicants' actions. en-us Tue, 23 Jun 2009 00:00:00 +0530 Fri, 11 Jun 2010 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75169 The Appellate Tribunal CESTAT, Chennai, granted the applicants a waiver of predeposit of service tax amounting to Rs. 3,31,500, along with interest and penalty under Sections 78 and 76 of the Finance Act, 1994. This decision was based on the applicants' strong argument that despite receiving payment in Indian currency for services provided to a customer in Mauritius, they should be entitled to the benefit of Notification No. 21/2003-S.T. The Tribunal relied on a previous case precedent to support the applicants' claim and emphasized that the discrepancy in payment currency was not due to the applicants' actions. Case-Laws Service Tax Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75169