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2011 (2) TMI 182 - CESTAT, MUMBAIWaiver of pre-deposit - Cenvat Credit - Prima facie that the services of banking and other financial service received by the party in respect of their private placement of preferential shares for raising the capital are an activity related to the business and, hence, eligible for Cenvat credit as per the definition of input service given in the Cenvat Credit Rules, 2004 - merely because the invoice has been raised on the head office, the credit cannot be denied to the factory of the assessee - prima facie case has been made out by the assessee for stay of the recovery of the demands towards Cenvat credit, interest and penalty.
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