2010 (3) TMI 485

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.... C.A., for the Appellant. Shri V. V. Hariharan, Jt. CDR, for the Respondent. [Order per: Chittaranjan Satapathy, Member (T)]. - Heard both sides. Shri P.C. Anand, learned CA appearing for the appellants states that the appellants are operating fleet card transactions for enabling their clients to obtain oil from petrol pumps on credit. He says that these are not like other general credit cards a....

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....nd period from 1-5-2006, credit card, debit card and charge card or other payment card service was defined as introduced in the budget for the year 2006-07 and included in the services provided by both banking companies and non-financial banking companies. However, for the second period, the demand according to him would be time-barred as the appellants were paying Service tax and filing return fo....

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....earning under fleet card system which relates to the financial charges and that such charges cannot be taken as interest and considered to be exempt. He also points out that the adjudicating Commissioner has duly considered the ground of time-bar and has rejected the same. 4. After hearing both sides, we find that the appellants have not made out a prima facie case for full waiver of the predepos....