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2013 (11) TMI 1256 - CESTAT KOLKATAWaiver of pre deposit - Penalty u/s 78 - Held that:- amount of service tax of Rs.13,80,351/- paid by the applicant, during the course of adjudication proceeding, the initial demand of Rs.95,75,400/- was reduced to Rs.82,87,547/- by the adjudicating authority. The Ld. Consultant pleaded that the applicant is a partnership firm and incurring heavy losses. In these circumstances, the applicant is directed to make a pre-deposit of Rs.25.00 Lakhs within a period of Twelve weeks and report compliance on 02/09/2013. On deposit of the said amount, pre-deposit of the balance dues adjudged would stand waived and its recovery would be stayed during pendency of the appeal - Stay granted.
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