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2018 (12) TMI 1627 - HC - Service TaxFreezing of Bank accounts of the petitioner - grant of installments for payment of dues - petitioner claims financial distress to pay the admitted liability under the service tax laws - Held that:- There is an admitted liability so far as the petitioners are concerned. The Central Board of Excise and Customs circular dated February 28, 2015, which contemplates that, the instalments may be granted is qualified. The instalments can be granted to an entity who is in financial distress - In the present case, there is nothing on record to establish financial distress. Balance sheet of the company is not on record. The petitioners not having made available such relevant documents to Court and the petitioners not being in a position to secure the claim of the department, no fruitful purpose would be subserved by staying the operation of the letter dated October 23, 2018 - The balance of convenience and inconvenience is not in favour of grant of such order. In the event, the order of freezing of account is lifted, the petitioners would be in a position to take away the money from such account and defraud the revenue. Petition dismissed.
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