https://www.taxtmi.com/caselaws?id=242500 Banking and financial services used for letters of credit and bank guarantees were treated as business-related input services within the inclusive scope of the Cenvat Credit Rules, so credit could not be denied on that basis. Debit advices issued after the service period were accepted as valid supporting documents because they contained the required particulars, and the delay was attributable to the bank rather than the assessee. As the services were eligible input services and the documents were substantively compliant, denial of credit and the consequential penalty were held unsustainable. en-us Thu, 21 Feb 2013 00:00:00 +0530 Fri, 23 Aug 2013 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242500 Banking and financial services used for letters of credit and bank guarantees were treated as business-related input services within the inclusive scope of the Cenvat Credit Rules, so credit could not be denied on that basis. Debit advices issued after the service period were accepted as valid supporting documents because they contained the required particulars, and the delay was attributable to the bank rather than the assessee. As the services were eligible input services and the documents were substantively compliant, denial of credit and the consequential penalty were held unsustainable. Case-Laws Service Tax Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242500