2013 (11) TMI 102

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..... Panda Learned Counsel says that Cenvat Credit of Rs. 75 lakhs which is subject matter of disallowance in the aggregate amount of Rs. 2,10,549/- relates to banking and financing services. Rs. 1.25 crore relates to commission paid to foreign agents on which service tax was paid by the appellant by reverse charge mechanism. Balance of Rs. 10 lakhs approximately relates to service tax paid on C&F....