2008 (9) TMI 271

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....nt. Shri S.S. Katiyar, SDR, for the Respondent. [Order per: M.V. Ravindran, Member (J)]. - This stay application is directed for waiver of pre-deposit of the amount of Service Tax of Rs. 18,75,419/- and equivalent penalty imposed. 2. The necessary facts arise for consideration are that the applicant herein is a lease finance company and provided services of Financial leasing under the cat....

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....l lease and Hire-purchase, are provided on the date of providing the assets on the Hire-purchase or Financial lease, which normally is the date of entering into the agreement with the hireree or leasee as the case may be. He submits that entire terms of contract are decided at the time of entering into the contract. He submits that they collected the EMI payable by the customers and also include t....