2011 (6) TMI 359

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..... light of Circular No.92/3/2007-ST, dated 12.03.2007 and in the light of the Tribunal's stay order in State Bank of Bikaner & Jaipur Vs Commissioner of Central Excise , Jaipur-I [2009 (5) TMI 826 - CESTAT NEW DELHI] holding that prima facie profit earned on foreign exchange is not liable to service tax - Therefore, waive pre-deposit of the amounts in dispute and stay recovery thereof pending the a .....

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..... rying out any foreign exchange broking service to attract levy of service tax under Banking and Other Financial Services, in the light of Circular No.92/3/2007-ST, dated 12.03.2007 and in the light of the Tribunal's stay order in State Bank of Bikaner Jaipur Vs Commissioner of Central Excise , Jaipur-I [2009 (16) S.T.R.504 (Tri.-Del.)] holding that prima facie profit earned on foreign exchange .....

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