https://www.taxtmi.com/caselaws?id=250635 The Tribunal granted an unconditional stay in favor of the appellant, allowing the waiver of pre-deposit of service tax, interest, and penalty amounts confirmed by the first appellate authority. The Tribunal found that the deductions made by the foreign bank during the encashment of a letter of credit did not constitute services received by the appellant under the reverse charge mechanism. Consequently, the Tribunal decided in favor of the appellant, granting the application for the waiver of pre-deposit and staying the recovery of the amounts until the appeal's final disposition. en-us Tue, 21 Aug 2012 00:00:00 +0530 Wed, 20 Aug 2014 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250635 The Tribunal granted an unconditional stay in favor of the appellant, allowing the waiver of pre-deposit of service tax, interest, and penalty amounts confirmed by the first appellate authority. The Tribunal found that the deductions made by the foreign bank during the encashment of a letter of credit did not constitute services received by the appellant under the reverse charge mechanism. Consequently, the Tribunal decided in favor of the appellant, granting the application for the waiver of pre-deposit and staying the recovery of the amounts until the appeal's final disposition. Case-Laws Service Tax Tue, 21 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250635