9911796707
TMI Blog2010 (3) TMI 485X X X X Extracts X X X X X X X X Extracts X X X X ..... , C.A., for the Appellant. Shri V. V. Hariharan, Jt. CDR, for the Respondent. [Order per: Chittaranjan Satapathy, Member (T)]. - Heard both sides. Shri P.C. Anand, learned CA appearing for the appellants states that the appellants are operating fleet card transactions for enabling their clients to obtain oil from petrol pumps on credit. He says that these are not like other general credit cards ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ond period from 1-5-2006, credit card, debit card and charge card or other payment card service was defined as introduced in the budget for the year 2006-07 and included in the services provided by both banking companies and non-financial banking companies. However, for the second period, the demand according to him would be time-barred as the appellants were paying Service tax and filing return f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... earning under fleet card system which relates to the financial charges and that such charges cannot be taken as interest and considered to be exempt. He also points out that the adjudicating Commissioner has duly considered the ground of time-bar and has rejected the same. 4. After hearing both sides, we find that the appellants have not made out a prima facie case for full waiver of the predepo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ence lies iii directing the appellants to make a pre-deposit before the main appeal can be heard. Taking into account the fact that the appellants have paid about Rs. 30 lakhs towards Service tax on some of the elements relating to their fleet card business, we direct them to pre-deposit another amount of Rs. 50,00,000/- (Rupees fifty lakhs only) within a period of eight weeks and to report compli ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
