2008 (7) TMI 307

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . [Order per: S.S. Kang, Vice-President]. - Applicant filed this application for waiver of pre-deposit of amount of service tax of Rs. 27,24,000/- and penalties. The demand was confirmed on the ground that applicant is recipient of intellectual property services. 2. Contention of applicant is that in the show cause notice, demand is on the ground that applicant received intellectual property ser .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... just to transfer of technical knowhow to improve the production and quality of the products which are being manufactured by the applicants. Applicant also submitted that demand is time bar for the period April 2005 to September 2005, as per the provisions of Section 73 of Finance Act. 4. Contention of revenue is that as per the agreement, the National Bicycle Industries, Japan is engaged in the p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X