https://www.taxtmi.com/caselaws?id=241122 The Appellate Tribunal CESTAT NEW DELHI allowed the appeal filed by a manufacturer of I.C. Engine parts, overturning the disallowance of Cenvat credit on Service Tax paid on insurance premium for building, plant, and machinery. The Tribunal emphasized the direct nexus between the insurance premium paid and the protection of plant and machinery, highlighting the relevance of such protection to the manufacturing process. The decision underscored the importance of recognizing indirect contributions and relevant nexus in determining the admissibility of Cenvat credit in cases involving insurance premiums for manufacturing facilities and machinery. en-us Wed, 04 Jan 2012 00:00:00 +0530 Tue, 17 Dec 2013 11:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241122 The Appellate Tribunal CESTAT NEW DELHI allowed the appeal filed by a manufacturer of I.C. Engine parts, overturning the disallowance of Cenvat credit on Service Tax paid on insurance premium for building, plant, and machinery. The Tribunal emphasized the direct nexus between the insurance premium paid and the protection of plant and machinery, highlighting the relevance of such protection to the manufacturing process. The decision underscored the importance of recognizing indirect contributions and relevant nexus in determining the admissibility of Cenvat credit in cases involving insurance premiums for manufacturing facilities and machinery. Case-Laws Service Tax Wed, 04 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241122