TMI Blog2010 (1) TMI 21X X X X Extracts X X X X X X X X Extracts X X X X ..... k – Delay in payment of service tax with interest - Having regard to the facts and circumstances as recorded and the findings that the service tax was introduced for the first time in July 2003. By the Boards Circular dated 06.11.2006, it has been clarified that the service tax leviable on a marketing agent of I.C.I.C.I. Bank for providing service to authorize customers for purchasing vehicles on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rranging the loan for the purchase of vehicle as a marketing agent from I.C.I.C.I. Bank and received commission from I.C.I.C.I. Bank. The Central Excise Authority, who was authorized to levy the service tax was of the view that the opposite party was liable to pay service tax from July 2003 under the Business Auxiliary Service for the period from July 2003 to November 2004. It appears that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rious customers for purchasing vehicles on loan, was clarified by the Board's circular dated 06.11.2006. In the present case, the appellants were engaged in providing service to different customers who were purchasing vehicles by getting loan from financial institutions and the appellants were receiving commissioner on the loan arranged by them. It is seen that the appellants paid the tax in Decem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ri Shambhu Chopra, learned counsel for the appellant submitted that under Section 80 of the Finance Act, 1984 the penalty can be waived only if the assessee proves that there was a reasonable cause. In the present case, he fails to prove the reasonable cause, therefore the Tribunal was not justified in setting aside the penalty. We do not find any substance in the argument of learned counsel fo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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