2013 (11) TMI 353

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..... , A.R. JUDGEMENT Per : Mr. M.V. Ravindaran; These stay petitions are filed for the waiver of pre-deposit of amounts of Rs. 5,08,20,725/- and Rs. 1,58,06,705/- confirmed as ineligible cenvat credit, under Rule 6(3) of Cenvat Credit Rules, 2004 and proviso to Section 73 (1) of Finance Act, 1994 along with interest and equivalent amounts of penalties besides penalties imposed under various acts of .....

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..... nder the category of Management Consultancy Services and under Rule 6(5) of Cenvat Credit Rules, 2004, the entire credit can be utilised for discharge of service tax liability. She also submits that in an identical issue, in respect of another assessee M/s. Newlight Hotels & Resorts Limited vide order No. M/11439/WZB/AHD/2013 dated 11.03.2013, this Bench has given unconditional waiver relying upon .....

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..... al issue. Since this Bench has already taken a view on an identical issue, respectfully following the same, we hold that the appellant has made out a prima-facie strong case for the waiver of pre-deposit of the amounts involved. Accordingly, applications for the waiver of pre-deposit of the amounts involved are allowed and recovery thereof stayed till the disposal of appeals. (Dictated and pronou .....

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