https://www.taxtmi.com/caselaws?id=266054 The appeal was allowed, recognizing the business necessity of utilizing bank guarantees and emphasizing the importance of verifying the service tax amount with the banker before disallowing CENVAT credit for service charges incurred by a guarantor. The judgment highlighted the essential role of banking services in business operations and concluded by allowing the appeal while disposing of the stay application. en-us Thu, 05 Mar 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266054 The appeal was allowed, recognizing the business necessity of utilizing bank guarantees and emphasizing the importance of verifying the service tax amount with the banker before disallowing CENVAT credit for service charges incurred by a guarantor. The judgment highlighted the essential role of banking services in business operations and concluded by allowing the appeal while disposing of the stay application. Case-Laws Central Excise Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266054