2010 (7) TMI 1066

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....ri D.P. Nagendra Kumar, JCDR ORDER PER M.V. RAVINDRAN(ORAL) This stay petition is filed for the waiver of pre-deposit of the following amounts:- (i) Service Tax of ₹ 2,33,05,777/- (ii) Interest as per Section 75 of the Finance Act, 1994 (iii) Penalties: (i) 2% per month u/s 76; (ii) ₹ 1000/- u/s 77 and (iii) ₹ 2,34,00,000 u/s 78 of the Finance Act, 1994. 2. Heard both s....

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....conditional waiver. 4. The learned JCDR submits that the issue needs to be considered from the provisions of Section 67 of the Finance Act, which envisages the value of the taxable services has to be considered from the point of view that the consideration received in cash and kind. It is his submission that the amount, which has been paid for the explosives, is recovered from the applicants pro....