2013 (1) TMI 605

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....y:Shri K.L. Goyal, Commissioner (AR) Per: Ashok Jindal: The applicant is seeking for grant of waiver of pre-deposit of service tax of Rs.18,05,50,717/- and equivalent amount of penalty imposed under section 78 of the Customs Act, 1962 (sic). 2. Brief facts of the case are that the appellant is a manufacturer of ion exchange resins. In USA, one Shri Narendra Singh who was working with M/s ....

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....e is covered under Intellectual Property Right under reverse charge mechanism, therefore, the applicant is liable to pay service tax on the entire consideration. 3. The learned counsel for the appellant contended that the above consideration is not for the service rendered. It is out of court settlement of dispute between them and Purolite. He further submitted that the applicant has become co-....