https://www.taxtmi.com/caselaws?id=217119 The Appellate Tribunal CESTAT, New Delhi, ruled in favor of the appellant, a manufacturer of AAC/ACSR conductors, regarding the validity of Cenvat credit availed based on a bank certificate. The tribunal found the bank certificate to be valid, containing essential information, and determined that the services received from the bank, including financing and bill retiring, fell within the definition of input services for Cenvat credit. As a result, the tribunal waived the pre-deposit requirement for the Cenvat credit demand, interest, and penalty, allowing the stay application until the final disposal of the appeal. en-us Mon, 05 Sep 2011 00:00:00 +0530 Wed, 16 Jan 2013 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217119 The Appellate Tribunal CESTAT, New Delhi, ruled in favor of the appellant, a manufacturer of AAC/ACSR conductors, regarding the validity of Cenvat credit availed based on a bank certificate. The tribunal found the bank certificate to be valid, containing essential information, and determined that the services received from the bank, including financing and bill retiring, fell within the definition of input services for Cenvat credit. As a result, the tribunal waived the pre-deposit requirement for the Cenvat credit demand, interest, and penalty, allowing the stay application until the final disposal of the appeal. Case-Laws Service Tax Mon, 05 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217119