https://www.taxtmi.com/caselaws?id=343068 Cenvat credit on insurance services was treated as admissible where the services were used in relation to the business of manufacture. Insurance for plant and machinery, marine transit and cash-in-transit was covered because it was integral to manufacturing operations under the inclusive part of Rule 2(l). Employee group insurance was also allowed, as compliance with statutory employee-insurance requirements formed part of the manufacturing business. The amendment deleting the words activities relating to business was not shown to be clarificatory and could not be applied retrospectively to deny credit. The resulting position was that the disputed credit remained available and the retrospective disallowance failed. en-us Tue, 11 Apr 2017 00:00:00 +0530 Thu, 18 May 2017 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343068 Cenvat credit on insurance services was treated as admissible where the services were used in relation to the business of manufacture. Insurance for plant and machinery, marine transit and cash-in-transit was covered because it was integral to manufacturing operations under the inclusive part of Rule 2(l). Employee group insurance was also allowed, as compliance with statutory employee-insurance requirements formed part of the manufacturing business. The amendment deleting the words activities relating to business was not shown to be clarificatory and could not be applied retrospectively to deny credit. The resulting position was that the disputed credit remained available and the retrospective disallowance failed. Case-Laws Central Excise Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343068