2010 (2) TMI 339

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..... ndent. [Order per : M.V. Ravindran, Member (J)]. - This stay petition is filed for waiver of pre-deposit of the following amounts :- (i) Service tax of Rs. 26,48,544/- on Banking and other Financial Services. (ii) Service Tax of Rs. 65,42,664/- on 'Business Auxiliary Services'. (iii) Demand of Cenvat credit of Rs. 4,80,679/- (iv) Interest on service tax and Cenvat credit (not quantified); (v .....

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..... t of the service tax demand of Rs. 26,48,544/-, the applicant has already paid Rs. 20,86,391/- as calculated by them based on the cum-duty value of the services rendered. As regards the service tax on 'Business Auxiliary Services' amounting to Rs. 65,42,664/-, it is the submission that M/s. UAE Exchange and Financial Services Ltd., Bangalore had already paid the service tax on the entire commissio .....

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..... at the appellant has not made out a prima facie case for complete waiver of pre-deposit of the amounts of service tax and penalty imposed on them. Considering the facts that the appellant has already deposited an amount of Rs. 20,86,391/- during pendency of the proceedings, we direct the appellant to further deposit an amount of Rs. 25,00,000/- (Rupees Twenty five lakhs only) within eight weeks fr .....

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