2013 (11) TMI 603

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....pellant: Shri Pradhyot Kumar Chattopadhyay, Auth. Rep. For the Respondent: Shri Manoj Kutty, A.R. ORDER Per: Mr. M.V. Ravindaran; This stay application is filed for the waiver of pre-deposit of an amount confirmed as service tax, interest thereof and penalties under various Sections of Finance Act, 1994. 2. Heard both sides and perused the records. 3. Both the lower authorities h....

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....ituated abroad and what they have paid is only service charges to the Bank. 5. On careful consideration of the issue, we find that there is no dispute as to the fact that the Bonds were floated by the appellant abroad and they were subscribed by the individuals or the institutions abroad. In order to receive and deploy the amounts floated under the Bonds, appellants had directed by the bankers ....