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2014 (2) TMI 40 - CESTAT NEW DELHIAvailment of CENVAT Credit - Waiver of pre deposit - Penalty under Section 76, 77 and 78 - Held that:- it is appropriate to grant waiver of pre-deposit and stay all further proceedings pursuant to the impugned order, on the condition that petitioner remits 50% of the specified liability of tax as assessed, in terms of paragraph (i) and (iii) of the adjudication order namely, the amount of tax relatable to cenvat credit erroneously alleged to have been availed and the interest thereon. Waiver is granted to the extent of penalty imposed under Sections 76, 77, 78 of the Act and 50% of the component of the demand of tax and interest thereon - Conditional stay granted.
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