2009 (4) TMI 792

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.... the Appellant. Shri V.V. Hariharan, JCDR, for the Respondent. ORDER Heard both sides on the application for waiver of pre-deposit of service tax of Rs. 11,77,56,093/- + educational cess of Rs. 22,15,562/- + secondary higher education cess of Rs. 3,54,064/- together with interest under Section 75 and penalty of Rs. 200/- per day under Section 76 from 1-7-2003 to 17-4-2006 and 2% per month....

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....and in the case of hire purchase also, the ownership of the goods should vest in the person who is entering into an hypothecation agreement, while in the present case it is the customers of the applicant-bank who have a right to title in the goods which they have offered as security for loan from the banks. The activity carried out by the applicant-bank therefore, prima facie, does not fit in with....