https://www.taxtmi.com/caselaws?id=202378 The stay petition for waiver of pre-deposit of the Cenvat credit amount confirmed for reversal of credit on Service Tax paid on Telephone Services, interest, and penalty under Rule 15(1) of Cenvat Credit Rules, 2004 was granted. The Adjudicating Authority found that the demand confirmation, penalty, and interest were based on the appellant availing Cenvat credit on 'Telephone Services' in line with Circular No. 97/8/2007. As the circular allowed the credit, the waiver of pre-deposit was approved, and recovery was stayed pending appeal disposal by the Member (J) of the Appellate Tribunal CESTAT, Bangalore. en-us Wed, 26 May 2010 00:00:00 +0530 Fri, 04 Feb 2011 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202378 The stay petition for waiver of pre-deposit of the Cenvat credit amount confirmed for reversal of credit on Service Tax paid on Telephone Services, interest, and penalty under Rule 15(1) of Cenvat Credit Rules, 2004 was granted. The Adjudicating Authority found that the demand confirmation, penalty, and interest were based on the appellant availing Cenvat credit on 'Telephone Services' in line with Circular No. 97/8/2007. As the circular allowed the credit, the waiver of pre-deposit was approved, and recovery was stayed pending appeal disposal by the Member (J) of the Appellate Tribunal CESTAT, Bangalore. Case-Laws Service Tax Wed, 26 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202378