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2015 (2) TMI 965 - AT - Central ExciseWaiver of predeposit of duty - Denial of CENVAT Credit - Insurance service and various other services - Held that:- Out of the total credit disallowed, ₹ 4,21,458/- relates to insurance service. I find that that insurance service not only relates to the employees but also to the plant, machinery and stocks. The credit disallowed in respect of payroll services is about ₹ 50,341/- and the credit of ₹ 14,673/- is towards photocopier service and towards travel agency service the credit disallowed is ₹ 39,623/-. I find that the applicant has made out a prima facie case for waiver of predeposit except for corporate membership services and photocopier services. Accordingly, I direct the applicant to predeposit a sum of ₹ 30,000/- within a period of four weeks - Upon such deposit, predeposit of the balance dues stands waived and recovery thereof stayed during the pendency of the appeal. - Partial stay granted.
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