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2014 (6) TMI 240 - AT - Service TaxWaiver of pre deposit - benefit of Notification No. 1/2006-S.T., dated 1-3-2006 - Non Payment of CENVAT Credit - Held that:- reversal of Cenvat credit if at the stage of appellate stage is sufficient compliance of the conditions of the notification. At this juncture, learned SDR submits that it has to be verified whether the amount which has been reversed by the appellant is the correct amount which was confirmed by the lower authorities on which credit was taken. At this juncture, as we find that the appellants have reversed the Cenvat credit taken due to which benefit of Notification No. 1/2006 had been sought to be denied, we allow the application for waiver of pre-deposit amount of Service Tax involved and direct the learned SDR to confirm to this Bench by 26-12-2011 as to whether the Cenvat credit amount has correctly reversed as claimed by counsel and recovery of the dues is stayed till the disposal of appeal - Stay granted.
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