2007 (3) TMI 255

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.... Respondent. [Order per : M.V. Ravindran, Member (J)]. - This stay application is directed against pre-deposit of the confirmed demand of service tax and penalty along with interest. 2. Considered the submissions made in detail by both sides and perused the records. It is seen from the records that the demand of service tax has arisen on the issue that the appellant had utilized the input stage ....

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....the appellants on capital goods and other services is unsustainable. Further, it is noticed that scheme of Cenvat Credit Rules, 2004 (Rule 6) indicate that the assessee has to maintain separate inventory and records of input services only if they are used by them for providing taxable as well as non-taxable services. Rule 6(4) does lay down any such restriction in respect of the credit on the capi....