https://www.taxtmi.com/caselaws?id=186613 The appeal before the Appellate Tribunal CESTAT CHENNAI focused on the entitlement to Cenvat credit for service tax paid on insurance in Maintenance Service. The appellant successfully argued that the reversal of credit lacked valid reasons, as there was no evidence that the insurance was unrelated to their power plant operations. The judgment directed a verification of credit sufficiency and clarified that interest should not be levied if credit was recorded but not utilized. Additionally, the penalty was waived based on justified reasons, ultimately ruling in favor of the appellant. en-us Thu, 01 Oct 2015 00:00:00 +0530 Sat, 24 Sep 2016 09:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186613 The appeal before the Appellate Tribunal CESTAT CHENNAI focused on the entitlement to Cenvat credit for service tax paid on insurance in Maintenance Service. The appellant successfully argued that the reversal of credit lacked valid reasons, as there was no evidence that the insurance was unrelated to their power plant operations. The judgment directed a verification of credit sufficiency and clarified that interest should not be levied if credit was recorded but not utilized. Additionally, the penalty was waived based on justified reasons, ultimately ruling in favor of the appellant. Case-Laws Service Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186613