Cenvat credit on insurance charges paid during erection and commissioning of transformer at customer site.

Cenvat credit on insurance charges paid during erection and commissioning of transformer at customer site. https://www.taxtmi.com/forum/issue?id=107942 Cenvat credit for service tax on insurance paid during transit and erection hinges on the place of removal and when property in the goods passes to the buyer. Board Circular No. 988/12/2014-CX and earlier circulars state that payment of insurance or who bears the risk does not determine place of removal; if sale is at the factory gate, transit insurance incurred after removal is not an eligible input service for Cenvat credit. Tribunal decisions apply this principle where contracts show factory-gate sales. en-us Tue, 03 Feb 2015 12:51:54 +0530 Thu, 23 Jan 2025 15:57:03 +0530 TaxTMI RSS Generator Cenvat credit on insurance charges paid during erection and commissioning of transformer at customer site. https://www.taxtmi.com/forum/issue?id=107942 Cenvat credit for service tax on insurance paid during transit and erection hinges on the place of removal and when property in the goods passes to the buyer. Board Circular No. 988/12/2014-CX and earlier circulars state that payment of insurance or who bears the risk does not determine place of removal; if sale is at the factory gate, transit insurance incurred after removal is not an eligible input service for Cenvat credit. Tribunal decisions apply this principle where contracts show factory-gate sales. Discussion-Forum Service Tax Tue, 03 Feb 2015 12:51:54 +0530 https://www.taxtmi.com/forum/issue?id=107942