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TMI Blog2008 (5) TMI 67X X X X Extracts X X X X X X X X Extracts X X X X ..... r (J) and T.K. Jayaraman, Member (T) Ms. H. Vani for the Appellant. K. Sambi Reddi for the Respondent. [Order per T.K. Jayaraman, Member (T). - This appeal has been filed against Order-in-Appeal No. 71/2006-ST, dated 17-4-2006 passed by the Commissioner of Customs and Central Excise (Appeals), Cochin. 2. Ms. H. Vani, learned advocate appeared on behalf of the appellants and Shri K. Sambi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e paid after that date in respect of those receipts, the enhanced rate would be applied. The Commissioner (Appeals) has justified his stand on the ground that the appellants continue to render the service to their clients even after 14-5-2003 and in respect of such Services in terms of section 68 read with rule 6 of the Service Tax Rules, the Service Tax liability is on the value of taxable servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervice Tax net with effect from 16-7-2001. At that time, CBEC issued clarification to the effect that in respect of Hire Purchase Contracts entered prior to 16-7-2001 and instalments of which were received after 16-7-2001, there is no Service Tax liability. In our view, the same logic is applicable to the present case also. When the Hire Purchase contract is entered, the taxable event occurs. We a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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