Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
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Input services like clearances charges, consultancy charges, insurance charges, GTA charges and erection/commissioning charges used by a manufacturer, directly or indirectly, in relation to manufacture of final product or clearance of final product up to place of removal, are eligible for CENVAT credit u/r 2(l)(ii) of CENVAT Credit Rules, 2004. Even though the term "setting up" was deleted from the inclusion clause, these services are covered under the main clause as input services. The Tribunal relied on the Piramal Glass Ltd case, allowing CENVAT credit on such services used for installation of a new furnace, being directly related to manufacture. The impugned order denying credit was set aside, and the appeal was allowed.
Input services like clearances charges, consultancy charges, insurance charges, GTA charges and erection/commissioning charges used by a manufacturer, directly or indirectly, in relation to manufacture of final product or clearance of final product up to place of removal, are eligible for CENVAT credit u/r 2(l)(ii) of CENVAT Credit Rules, 2004. Even though the term "setting up" was deleted from the inclusion clause, these services are covered under the main clause as input services. The Tribunal relied on the Piramal Glass Ltd case, allowing CENVAT credit on such services used for installation of a new furnace, being directly related to manufacture. The impugned order denying credit was set aside, and the appeal was allowed.
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