2009 (9) TMI 734

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..... s stay petition is directed against waiver of pre-deposit of the following amounts. Rs. 32,55,59,045/- service tax Rs. 85,57,851/- denial of cenvat credit Rs. 32,55,59,045/- penalty u/s 78 Rs. 85,57,851/- penalty under Rule 15 of CCR, 2004 Penalty of Rs. 100/- per day upto 17-4-2006 and Rs. 200/- per day/2% p.m. after 18-4-2006 u/s 76. 2. The confirmation of service tax has arisen on t .....

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..... ere are two separate contracts. He submits that the demand of service tax was worked out by the adjudicating authority considering the sale value of ACSR conductors and also the contract entered for the erection, installation and commissioning of the machinery. He would submit that during the adjudication proceedings they have deposited approximately Rs. 19.55 lakhs and they have been disallowed C .....

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..... ppellant has already deposited an amount of Rs. 19.55 lakhs we direct appellant to deposit a further sum of Rs. 1,00,00,000/- (rupees one crore only within a period of 8 weeks from today and report compliance on 19th November 2009. Subject to such compliance being reported, the condition of pre-deposit of the balance amounts, involved is waived and recovery thereof stayed till the disposal of the .....

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