2013 (12) TMI 966

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....eeking waiver of pre-deposit of service tax demand of Rs. 2,84,72,873/- along with interest. 2. The facts of the case are that the service tax demand have been made on the insurance premium paid by the lender namely BNP Paribas to COFACE in France to purchase an aircraft by the applicant on account of insurance guarantee. The Revenue was of the view that the service provided by COFACE to BNP Pari....

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....plicants are suffering from heavy losses and the financial position of the applicants is very bad and they are not in a position to pay the amount demanded from them. Therefore, he prayed that the impugned demands be stayed. 5. On the other hand, the learned A.R. appearing for the Revenue submits that in the impugned order the learned Commissioner has invoked the extended period of limitation and....

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....Solitz corporation vs commissioner of Service Tax, New Delhi - 2009 (14) STR 642 (Tri-Del.) and R.N. Singh vs Commisioner of Central Excise, Allhabad- 2012 (28) STR 13 (Tri. Del.), M.P. Water & Power Management Institute vs CCE Bhopal - 2009 (15) STR 164 (Tri.-Del) and Indian Petrochemicals Corpn. Ltd. vs. CCE Vadodara - 2009 (237) ELT 317 (Tri.-Ahmd.) wherein this Tribunal has held that when a pe....