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2013 (2) TMI 271 - AT - Service TaxWaiver of pre-deposit - Stay of recovery - Intellectual property service - Appellant had obtained technical information and technical assistance from the foreign company under a Technology Transfer and Licence Agreement - Pay royalty @ 3% on the net sales of the products manufactured in India - Held that:- Following the decision in case of G.B. ENGINEERING ENTERPRISES PVT. LTD.(2009 (7) TMI 1005 - CESTAT, CHENNAI) that the party was directed to pre-deposit, roughly, 30% of the total demand. Therefore, we direct the appellant to pre-deposit an amount of Rs.5 lakhs
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