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2013 (12) TMI 1071 - CESTAT AHMEDABADStay application - Demand of service tax - Receipt of services from International Finance Corporation which co-ordinates with the International Bank for Reconstruction and Development for providing loans for growth of private enterprises in the member countries - Held that:- applicants are contesting that International Finance Corporation is not a financial institution or anybody corporate, which provides the services relating to banking. In view of this, the amount already deposited is sufficient pre-deposit. The application for waiver of pre-deposit of remaining dues is allowed and recovery of the remaining dues is stayed during the pendency of the appeal - Prima facie case in favour of assessee - Stay granted.
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