https://www.taxtmi.com/caselaws?id=267012 The appellant successfully distributed service tax credit on external commercial borrowings (ECBs) paid under the reverse charge mechanism. The court held that the ECB services were related to the appellant's business activities, falling under Banking and other financial services. The services were obtained for capital expenditure to increase production capacity, making them eligible for Cenvat Credit under Rule 2(l) of the Cenvat Credit Rules, 2004. The appeal was allowed on merits based on the interpretation of relevant rules and case law. en-us Thu, 11 Jun 2015 00:00:00 +0530 Fri, 13 May 2016 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267012 The appellant successfully distributed service tax credit on external commercial borrowings (ECBs) paid under the reverse charge mechanism. The court held that the ECB services were related to the appellant's business activities, falling under Banking and other financial services. The services were obtained for capital expenditure to increase production capacity, making them eligible for Cenvat Credit under Rule 2(l) of the Cenvat Credit Rules, 2004. The appeal was allowed on merits based on the interpretation of relevant rules and case law. Case-Laws Service Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267012