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2015 (11) TMI 1260 - CESTAT NEW DELHI

2015 (11) TMI 1260 - CESTAT NEW DELHI - TMI - Waiver of pre deposit - Stay of recovery of demanded service tax - Held that:- applicant had made out a strong case for full waiver of pre-deposit. The sequence of transactions involved in transfer of money in this case indicate the absence service provider-service recipient relationship between the applicant and the foreign bank or intermediary. As such we find full waiver of demanded service tax and penalties is justified in this case. Accordingly .....

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ties imposed by the original order dated 24.6.2013 upheld by the impugned order dated 31.3.2014. 2. The applicant is engaged in export of garments and realize the sale proceeds of such exported items through banking channel. Against Bill issued by the applicant the foreign buyers instruct their bank to remit the amount as indicated in invoice in favour of applicant. The transaction between foreign bank and applicant's bank is either direct or facilitated by an intermediary bank. For this the .....

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