https://www.taxtmi.com/caselaws?id=214424 Service tax demands arising from payments linked to external commercial borrowings from ADB and IFC were analysed against the Finance Act, 1994, the United Nations (Privileges and Immunities) Act, 1947, the relevant international instruments, and the constitutional scheme under Articles 246 and 253. The Tribunal noted that exemptions for services connected with specified international organisations and Parliament's treaty-implementing power under Article 253 raised a substantial prima facie issue. On that basis, it considered insistence on pre-deposit unwarranted and granted complete waiver of pre-deposit while staying recovery during pendency of the appeal. en-us Thu, 17 May 2012 00:00:00 +0530 Sat, 16 Mar 2013 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214424 Service tax demands arising from payments linked to external commercial borrowings from ADB and IFC were analysed against the Finance Act, 1994, the United Nations (Privileges and Immunities) Act, 1947, the relevant international instruments, and the constitutional scheme under Articles 246 and 253. The Tribunal noted that exemptions for services connected with specified international organisations and Parliament's treaty-implementing power under Article 253 raised a substantial prima facie issue. On that basis, it considered insistence on pre-deposit unwarranted and granted complete waiver of pre-deposit while staying recovery during pendency of the appeal. Case-Laws Service Tax Thu, 17 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214424