Mandatory Pre-Deposit : It is requirement of 35F of the Central Excise Act, 1944 to deposit mandatory “Pre-Deposit” along with appeal. Therefore, following pre deposit needs to be deposited and proof thereof need to be annexed with the appeal:
a) If OIO is against demand of service tax, interest and penalty : 7.5% of service tax portion only
b) If OIO is against demand of penalty only but not of service tax : 7.5% of penalty portion
The above pre-deposit can be paid either by paying service tax challan through online banking or after doing reversal of available cenvat credit balance in books and necessary proof need to be attached along with appeal.