CESTAT passes a miscellenous order on the appeal to waive the service tax, as follows:
The applicant filed an application for waiver of predeposit of service tax of Rs.xx,xx,xxx- along with interest and penalty.
In view of that the applicant failed to make out a strong prima facie case for waiver of predeposit of the entire dues. Accordingly, we direct the applicant to predeposit an amount of Rs.yy,yy,yyy within a period of eight weeks. Upon such deposit, predeposit of the balance tax along with interest and penalty stands waived and recovery thereof stayed during the pendency of the appeal.
What does the last line mean? If I pay yy,yy,yyy will the case be closed by waiving the balance, penalty and interest or should I pay this money as predeposit and to proceed with the case for final order?
The preposit asked to deposit is 50% of entire due.
Between, what does it mean as LOD application.
Thanks.
CAclubindia
