https://www.taxtmi.com/caselaws?id=215524 The Appellate Tribunal CESTAT, Bangalore upheld the decision of the lower authorities, affirming the respondent's entitlement to claim CENVAT credit on the stockbroker's service used for acquiring shares in another company for manufacturing excisable products. The Tribunal found a direct connection between the stockbroker's service and the manufacturing activity, as the acquired shares facilitated the provision of electricity essential for the respondent's production process. The Tribunal concluded that the stockbroker's service qualified as an 'input service' under the CENVAT Credit Rules, 2004, supporting the respondent's claim for credit. en-us Fri, 06 Jan 2012 00:00:00 +0530 Mon, 18 Mar 2013 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215524 The Appellate Tribunal CESTAT, Bangalore upheld the decision of the lower authorities, affirming the respondent's entitlement to claim CENVAT credit on the stockbroker's service used for acquiring shares in another company for manufacturing excisable products. The Tribunal found a direct connection between the stockbroker's service and the manufacturing activity, as the acquired shares facilitated the provision of electricity essential for the respondent's production process. The Tribunal concluded that the stockbroker's service qualified as an 'input service' under the CENVAT Credit Rules, 2004, supporting the respondent's claim for credit. Case-Laws Central Excise Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215524