2015 (8) TMI 156

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.... For The Respondent : Shri Amresh Jain, D.R. Per R.K. Singh: Stay application along with appeal has been filed against Order-in-Original No.42-43/Commr/PKL/2013 dated 26.12.2013 in terms of which demand of Rs. 44,40,888/- was confirmed along with interest and penalty in respect of Show Cause Notice dated 1.3.2012 for the period 1.10.2010 to 31.3.2011 and Rs. 64,82,994/- was confirmed alon....

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....other hand stated that any doubt whether trading is an exempted service was removed by adding an explanation in Rule 2(e) of the Cenvat credit Rules, 2004 to the effect that 'exempted services includes trading and therefore the demand is sustainable. 4. We have considered the contentions of both sides. We find that the stay order No. 57209/2013 was issued at a time when the explanation under Ru....