2010 (5) TMI 465

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..... er]. - This stay petition is filed for the waiver of pre-deposit of an amount of Rs. 1,93,739/- (Rupees One lakh ninety three thousand seven hundred and thirty nine only) and Rs. 52,700/- (Rupees Fifty two thousand seven hundred only) confirmed by the authority for the reversal of Cenvat credit taken on the Service Tax paid on Telephone Services' and interest and penalty under Rule 15(1) of Cenv .....

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..... Credit Rules, 2002, it was prescribed that credit of service tax was admissible only on telephone connection installed in the business premises. A clarification to this effect was also issued vide Circular No. 59/8/2003-S.T., dated20-6-2003, in the context of the Service Tax Credit Rules, 2002. However, in the Cenvat Credit Rules, 2004 no such condition has been prescribed. Therefore, w.e.f.10-09- .....

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