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2014 (1) TMI 1164 - CESTAT MUMBAIDenial of Credit on input services related to trading activity as well as research and development centre - Waiver of Pre-deposit – Held that:- As per the provisions of Rule 6 of the Cenvat Credit Rules whereby the value in case of trading is different between sale price and the cost of goods sold or 10% of the value goods sold, whichever is more, has to be taken into consideration - the total sale value of the traded goods has been taken into consideration while confirming the demand and these figures have been taken from the balance sheet - the offer made by the applicant is sufficient for hearing of the appeal – thus, the applicants are directed to deposit Rupees fifty lakhs as pre-deposit – upon such submission rest of the duty to be stayed till the disposal – Partial stay granted.
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