https://www.taxtmi.com/caselaws?id=240125 Interest-based lending, hire-purchase and related loan services were not treated as exempted services merely because interest was excluded from valuation or partially exempted from tax. On a prima facie view, the Tribunal held that such treatment did not, by itself, establish an exempted service under Rule 6 of the Cenvat Credit Rules, 2004, and granted waiver of pre-deposit on the principal demand. For alleged ineligible Cenvat credit on input services, the appellant did not seriously contest the stay request and indicated willingness to reverse the credit, so pre-deposit of the quantified amount was directed. en-us Thu, 31 Oct 2013 00:00:00 +0530 Tue, 26 Nov 2013 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240125 Interest-based lending, hire-purchase and related loan services were not treated as exempted services merely because interest was excluded from valuation or partially exempted from tax. On a prima facie view, the Tribunal held that such treatment did not, by itself, establish an exempted service under Rule 6 of the Cenvat Credit Rules, 2004, and granted waiver of pre-deposit on the principal demand. For alleged ineligible Cenvat credit on input services, the appellant did not seriously contest the stay request and indicated willingness to reverse the credit, so pre-deposit of the quantified amount was directed. Case-Laws Service Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240125