https://www.taxtmi.com/caselaws?id=34711 In a prima facie assessment of waiver of pre-deposit, CESTAT Chennai found the service tax demand not time-barred at this stage because the dispute spanned several years and the details of pre-closure charges were furnished to the department only during audit and later correspondence. It also held that the pre-closure charges could not, on the available record, be treated as prima facie equivalent to interest for classification under banking and other financial services. Applying a similar approach taken in a comparable matter, the tribunal directed partial pre-deposit, granted waiver of the balance, and stayed recovery during the appeal subject to compliance. en-us Tue, 22 Sep 2009 00:00:00 +0530 Sat, 27 Apr 2013 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34711 In a prima facie assessment of waiver of pre-deposit, CESTAT Chennai found the service tax demand not time-barred at this stage because the dispute spanned several years and the details of pre-closure charges were furnished to the department only during audit and later correspondence. It also held that the pre-closure charges could not, on the available record, be treated as prima facie equivalent to interest for classification under banking and other financial services. Applying a similar approach taken in a comparable matter, the tribunal directed partial pre-deposit, granted waiver of the balance, and stayed recovery during the appeal subject to compliance. Case-Laws Service Tax Tue, 22 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34711