2014 (2) TMI 385

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..... Per: P.G. Chacko; These applications filed by the appellant in the captioned appeals seek waiver of pre-deposit and stay of recovery in respect of the adjudged dues including Rs. 47,60,518/- demanded towards service tax and education cesses under the head 'Scientific or Technical Consultancy' Services for the period from April 2005 to March 2010. After a perusal of the records and hearing both .....

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..... subsequent period, the case of the appellant is that they received payments from the foreign company for the services rendered to them under a 'Memorandum of Understanding' and that such money has been adopted as consideration paid for services received from abroad, without any basis. The learned consultant for the appellant has referred to certain evidentiary materials indicating that FTC was a .....

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..... not form taxable value of the service in question said to have been paid to the holding company up to 01.04.2007. For the period from 01.04.2007, the learned consultant has shown us a copy of the MOU between the appellant and the foreign company, which we have perused. Apparently, the appellant was entitled to receive payments from the foreign company for the services which the appellant was liabl .....

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