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2013 (11) TMI 1302 - CESTAT CHENNAIDemand under Rule 6(3) of Cenvat Credit Rules, 2004 - Appellant provided taxable service and exempted service and in spite of that they did not restrict the utilization of credit to 20% of the tax paid on output service as per Rule 6(3), as was in existence prior to 01-04-2008 - Whether services namely giving loans, hire-purchase services etc. are exempted services or not - Held that:- activities are taxable services notwithstanding that for deciding the value of service on which tax is to be paid, interest is not included or for the reason the service enjoys partial exemption under Notification No.4/2006-ST, dated 01.03.2006 or on account of provision in Service Tax (Determination of Value) Rules, 2006. - stay granted on this count. Assessee directed to make partial pre deposit in respect of ineligible credit - Partial stay granted.
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