2012 (9) TMI 376

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..... dent. [Order per : P.G. Chacko, Member (J)]. - This application filed by the appellant seeks waiver of pre-deposit and stay of recovery in respect of duty of Rs. 28,12,555/-, equal amount of penalty and interest on duty. The demand arises out of denial of CENVAT credit on certain amounts paid by the appellant as consideration for professional services received from certain agencies in connectio .....

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..... lant and were squarely covered by definition of 'input service' under Rule 2(1) ibid. The learned Counsel has particularly referred to the inclusive part of the definition and has submitted that business activities relating to financing are expressly covered by the inclusive part of the definition. It is submitted that the activities mentioned in the inclusive part of the definition were also havi .....

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..... e appellant has paid an amount of Rs. 8,57,049/- towards the demand proposed in the show-cause notice. 3. We have heard the learned SDR also, who has opposed the present application on the strength of the findings in the order-in-original and the order-in-appeal. 4. After considering the submissions, we have found prima facie case for the appellant. It appears from the records that the .....

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