TMI Blog2013 (10) TMI 688X X X X Extracts X X X X X X X X Extracts X X X X ..... t namely fertilizer is exempted from the central excise duty. Prima facie, we are not impressed with the submission made by the learned counsel that the sale of equity shares has nexus with the output service. We have also considered the financial hardship as revealed from the balance sheet - stay granted partly. - ST/S/40123 & 40124/2013 in ST/40127 & 40128/2013 - - - Dated:- 1-8-2013 - Shri P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmed the demand of tax of Rs.1,49,98,621/- along with interest and penalty in respect of both the show-cause notices. 2. Heard both sides and perused the records. 3. According to the learned counsel these input services are in respect of sale of equity shares which were utilized for financing and procurement of raw materials which are covered within the definition of input service credit and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he final product itself is exempted. He relied upon the decision of the Tribunal in the case of Shasun Chemicals and Drugs Ltd. Vs. CCE, Pondicherry 2011 921) STR 536. 5. After considering the submission of both sides, we find that the dispute relates as to whether the input services namely, sale of equity shares would be applicable for the output service of the consulting engineering service, e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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