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2013 (12) TMI 1471 - ANDHRA PRADESH HIGH COURTWaiver of pre deposit - Bar of limitation - Held that:- Tribunal has satisfied that prima facie case has been made out with regard to the period of limitation. Therefore, technically undue hardship has been established. Accordingly, the learned Tribunal granted part relief and made an order of waiver of pre-deposit to the extent of 50% of the tax component and interest thereon and also made a full waiver of the component of penalty. - Tribunal has observed that the question of limitation has to be gone into at the hearing of the appeal, we think, at this stage, it will be true hardship for the appellant to pay the interest component. - Tribunal slightly by waiving full interest component also. However, the rest of the order will remain as it is. This waiver of interest component fully will be applicable provided the appellant executes a bond covering the 50% interest component within a period of seven days from the date of receipt of a copy of this order. This bond shall be executed by the appellant in favour of the Commissioner of Central Excise, Hyderabad-II, binding itself to pay the interest amount fully. - Appeal disposed of.
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