Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
CESTAT Mumbai addressed CENVAT Credit issues on Rent-a-Cab services and insurance services u/s Rule 2(l) of Cenvat Credit Rules, 2004. Rent-a-Cab services were denied credit initially, but tribunal allowed it as the vehicles were used for output services. Motor vehicles used did not qualify as capital goods. Insurance services were deemed eligible as they were not for personal use or employee consumption. Tribunal cited precedent for insurance service credit. Services excluded post-amendment were listed, but insurance services were found eligible for credit. Impugned order partially allowed appeal for insurance services but denied for Rent-a-Cab services.
CESTAT Mumbai addressed CENVAT Credit issues on Rent-a-Cab services and insurance services u/s Rule 2(l) of Cenvat Credit Rules, 2004. Rent-a-Cab services were denied credit initially, but tribunal allowed it as the vehicles were used for output services. Motor vehicles used did not qualify as capital goods. Insurance services were deemed eligible as they were not for personal use or employee consumption. Tribunal cited precedent for insurance service credit. Services excluded post-amendment were listed, but insurance services were found eligible for credit. Impugned order partially allowed appeal for insurance services but denied for Rent-a-Cab services.
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