2013 (11) TMI 641

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Per P.K. Das; 1. The applicant is engaged in the business of container depot operations offering storage, handling and repairs of marine containers belonging to International Shipping Lines. There is a demand of service tax on management and maintenance and repair service of Rs.1,98,49,642/- along with interest and penalty for the period 1.4.04 to 31.3.08 on the ground that the cost of mate....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the invoice towards material cost are only 'theoretical' and do not correspond to the actual cost of materials. He also pleaded financial hardship in so far as the applicant is a small entrepreneur and incurring huge losses of Rs.3 crores as revealed from the balance sheet. 5. Ld. AR submits that applicant in their own statement accepted that there is difference between the actual cost and the ....