https://www.taxtmi.com/caselaws?id=249448 For the pre-01.04.2011 regime, insurance services used in the manufacturing business, including plant and machinery, marine, cash-in-transit, vehicle, laptop and employee group insurance, fell within the broad definition of input service under Rule 2(1) because they were used directly or indirectly in relation to manufacture and business activities. The 2011 deletion of the phrase "activities relating to business" narrowed the rule prospectively, but it could not be applied retrospectively to deny credit for the earlier period absent clear legislative intent. Cenvat credit on the disputed insurance services was therefore admissible. en-us Tue, 04 Mar 2014 00:00:00 +0530 Fri, 03 Jul 2015 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249448 For the pre-01.04.2011 regime, insurance services used in the manufacturing business, including plant and machinery, marine, cash-in-transit, vehicle, laptop and employee group insurance, fell within the broad definition of input service under Rule 2(1) because they were used directly or indirectly in relation to manufacture and business activities. The 2011 deletion of the phrase "activities relating to business" narrowed the rule prospectively, but it could not be applied retrospectively to deny credit for the earlier period absent clear legislative intent. Cenvat credit on the disputed insurance services was therefore admissible. Case-Laws Central Excise Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249448