9911796707
TMI Blog2014 (3) TMI 555X X X X Extracts X X X X X X X X Extracts X X X X ..... The prayer is to dispense with the condition of pre-deposit of Rs.2,57,84,712/- confirmed against the applicant/appellant for the period January 2006 to December 2009. The said duty stand confirmed by denying them the benefit of Cenvat credit of service tax paid on GTA services used for outward transportation of their final product i.e. cement. It stands observed by the authorities below that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t FOR sales. 3. Ld. Advocate appearing for the appellant has drawn our attention to the contracts entered between them and their customers, which clearly laid down that the sales are on FOR basis. He submits that the above endorsement on the invoices is for the purpose of transportation and not for their customers. In any case, ld. Advocate fairly agrees that the law was amended and the definitio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to their shareholders. As such he submits that the appellant is enjoying a good healthy financial position. By taking all the above factors into account, we direct the applicant to deposit duty of Rs.1.50 crores within a period of 10 weeks from today. Subject to which the pre-deposit of balance amount of duty and entire amount of penalty shall stand waived and its recovery stayed during the pend ..... X X X X Extracts X X X X X X X X Extracts X X X X
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