Cenvat credit on insurance documents and marine insurance was upheld where prescribed particulars and business nexus were shown.

Cenvat credit could not be denied merely because the insurance policy was treated as an improper document where it contained the registration number and service tax component required under Rule 9(2) of the Cenvat Credit Rules, 2004. Input service credit on marine insurance used in export-related business was also admissible, as the relevant test was sufficient nexus with business operations and not confinement to factory premises. The impugned order was set aside, and the assessee's appeal succeeded with consequential relief.

---

---

Issues: (i) Whether Cenvat credit could be denied on the ground that the insurance policy was not a proper document under Rule 9(2) of the Cenvat Credit Rules, 2004; (ii) Whether input service credit on marine insurance services used in the course of export business was admissible though the services related to matters beyond the factory premises.

Issue (i): Whether Cenvat credit could be denied on the ground that the insurance policy was not a proper document under Rule 9(2) of the Cenvat Credit Rules, 2004.

Analysis: The policy contained the registration number and the service tax component charged by the insurer. These particulars satisfied the documentation requirements contemplated by Rule 9(2) of the Cenvat Credit Rules, 2004.

Conclusion: The denial of credit on the ground of improper documents was unsustainable and the credit was admissible to the assessee.

Issue (ii): Whether input service credit on marine insurance services used in the course of export business was admissible though the services related to matters beyond the factory premises.

Analysis: The marine insurance services were received in connection with the assessee's export /business operations. The nexus with business activity was sufficient to allow credit, and the service could not be disallowed merely because it related to matters beyond the factory premises.

Conclusion: The assessee was entitled to avail input service credit on the marine insurance services.

Final Conclusion: The impugned order was set aside and the assessee's appeal succeeded with consequential relief.

Ratio Decidendi: Cenvat credit cannot be denied where the prescribed documents contain the material particulars required by Rule 9(2), and input service credit is admissible when the service has a sufficient nexus with the assessee's business, including export-related insurance services.

---