2015 (8) TMI 817

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..... mmon issue is involved in both the applications and therefore both are taken up for disposal. 2.  The relevant facts of the case, in brief, are that the applicants are rendering services in the preparation of pay-rolls, making pay outs etc. to M/s. ICICI Bank, M/s. Barclays Investments & Loans (India) Ltd., M/s. Cholamandalam DBS Finance Ltd. and M/s. Fullerton Credit India Ltd. There is a d .....

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..... r hand, the learned counsel submits that they are eligible for CENVAT credit which was not considered by the adjudicating authority. 4.  After considering the submission of both sides, we find that the applicant has already collected the amount. In view of that, we direct the applicant to predeposit a further amount of RS. 50,00,000/- (Rupees fifty lakhs only) within a period of eight weeks .....

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