https://www.taxtmi.com/caselaws?id=240132 The Tribunal denied the Applicant's request for a total waiver of pre-deposit of Service Tax and CENVAT Credit. The Applicant was directed to deposit 50% of the confirmed demand within a specified period, with the balance dues subject to waiver upon compliance. Recovery was stayed during the Appeal's pendency. The Tribunal upheld the Revenue's position on the interpretation of Notification No.29/2004-ST, limiting the exemption on interest to overdraft and cash credit facilities. The denial of CENVAT Credit on input services for providing exempted services under Rule 6 was also upheld. The issue of limitation was deferred for examination during the Appeal process. en-us Tue, 12 Nov 2013 00:00:00 +0530 Tue, 26 Nov 2013 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240132 The Tribunal denied the Applicant's request for a total waiver of pre-deposit of Service Tax and CENVAT Credit. The Applicant was directed to deposit 50% of the confirmed demand within a specified period, with the balance dues subject to waiver upon compliance. Recovery was stayed during the Appeal's pendency. The Tribunal upheld the Revenue's position on the interpretation of Notification No.29/2004-ST, limiting the exemption on interest to overdraft and cash credit facilities. The denial of CENVAT Credit on input services for providing exempted services under Rule 6 was also upheld. The issue of limitation was deferred for examination during the Appeal process. Case-Laws Service Tax Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240132