2007 (2) TMI 678 - AT - Service Tax

Summary

The Appellate Tribunal CESTAT Mumbai granted waiver of pre-deposit of service tax and penalty in a case involving a demand of &8377; 5,35,94,363 and a penalty of &8377; 100 per day. The demand was confirmed against the applicants engaged in providing general insurance service for policies issued before 10-9-2004. The Tribunal found a prima facie case for waiver due to the department's changing stand on tax rates, and accordingly waived pre-deposit and stayed recovery pending appeal. The appeal was fixed for out of turn hearing on 12-4-2007.