https://www.taxtmi.com/caselaws?id=336213 The Tribunal allowed the appeal, determining that the services provided by M/s.MAPE were eligible "input services" under Rule 2(l) of the Cenvat Credit Rules, 2004. The services, which involved Financial Advisory for disinvestment purposes, were found to be directly related to the manufacturing operations as the disinvestment proceeds were utilized as working capital. The Tribunal held that financial consultancy/advice was not excluded under the definition of "input services," granting relief to the appellant and overturning the disallowance of cenvat credit by the Department. en-us Wed, 07 Dec 2016 00:00:00 +0530 Tue, 05 Sep 2017 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336213 The Tribunal allowed the appeal, determining that the services provided by M/s.MAPE were eligible "input services" under Rule 2(l) of the Cenvat Credit Rules, 2004. The services, which involved Financial Advisory for disinvestment purposes, were found to be directly related to the manufacturing operations as the disinvestment proceeds were utilized as working capital. The Tribunal held that financial consultancy/advice was not excluded under the definition of "input services," granting relief to the appellant and overturning the disallowance of cenvat credit by the Department. Case-Laws Service Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336213