2014 (5) TMI 688 - AT - Service Tax

Waiver of pre-deposit - Cenvat credit - Chartered Accountant Services, Company Secretary Services, Convention Services and Share Transfer Agency Services - Held that - these services are required by the appellant for smooth running of the business i.e. running of the refinery. appellant has made out a case for the waiver of pre-deposit of the amounts involved and accordingly the application for waiver of pre-deposit of amounts involved is allowed and recovery thereof stayed till the disposal of appeal - Stay granted.

Summary

The Appellate Tribunal CESTAT Ahmedabad allowed the Stay Petition for waiver of pre-deposit of Rs. 14,94,950/- wrongly confirmed as Cenvat credit, interest, and penalty under Rule 15(3) of Cenvat Credit Rules, 2004. The Tribunal found that the services availed by the appellant were necessary for the smooth running of their business, specifically the refinery. Recovery of the amounts involved was stayed until the appeal's disposal.