2010 (4) TMI 667

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....ar, Advocate, for the Appellant. Smt. Sudha Koka, SDR, for the Respondent. [Order per : M.V. Ravindran, Member (J)]. - This stay petition is directed for waiver of pre-deposit of the following amounts :- (i)  Service Tax of Rs. 75,84,609/-; (ii)  Penalty of Rs. 1000/- under Section 77 of the Finance Act, 1994; and (iii) Penalty of Rs. 75,84,609/- under Section 78 of the....

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....idered so, in view of the fact that the entire issue is nothing but 'Event Management' of the appellant's members, i.e. Builders in Kerala. It is the submission that the Event Manager has already discharged the Service tax. As regards confirmation of demand of other two categories, it is the submission that out of the total demand of Rs. 60,42,379/-, an amount of Rs. 30 lakhs has already been depo....

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....d that the issues are arguable. In view of the appellant's statement that they are eligible for Cenvat credit of Rs. 22.05 lakhs and considering the fact that an amount of Rs. 30 lakhs already is deposited during pendency of the investigation, to our mind this amount is enough for the disposal of the appeal. The application for waiver of pre-deposit of the balance amounts involved is allowed and r....