CESTAT allows Cenvat credit for insurance on factory workers, stay petition granted

The Appellate Tribunal CESTAT NEW DELHI allowed the appeal, overturning the disallowance of Cenvat credit for service tax on insurance premiums. The Tribunal held that insurance for factory workers qualifies as an essential input service for manufacturing purposes. Additionally, the stay petition was granted in this case.

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The Appellate Tribunal CESTAT NEW DELHI allowed the appeal regarding the disallowance of Cenvat credit for service tax paid on insurance premium, stating that insurance for workers in the factory is an input service essential for manufacturing. The stay petition was also allowed.

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