Cenvat credit on insurance for company-owned vehicles held admissible on Tribunal precedent.

Cenvat credit on insurance for company-owned vehicles was treated as covered by an earlier Tribunal decision on the same question. The Tribunal followed that precedent and held the credit admissible, resulting in relief to the assessee and allowing the appeal.

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Issues: Whether Cenvat credit was admissible on insurance taken for vehicles owned by the company for the disputed period.

Analysis: The issue was treated as covered by the Tribunal's earlier decision on the same question concerning insurance of company-owned vehicles.

Conclusion: Cenvat credit was held admissible and the appeal was allowed in favour of the assessee.

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