https://www.taxtmi.com/caselaws?id=195642 The Tribunal overturned the Commissioner (Appeals)'s decision, ruling that General Insurance Services like Marine Cargo, Fire, and Burglary policies qualify as 'input services' under Rule 2(1) of the Cenvat Credit Rules. The appellant successfully argued that these insurance services were directly linked to their business activities and thus eligible for Cenvat credit. The Tribunal emphasized the need for a precise interpretation of the 'input service' definition. Consequently, the Tribunal allowed the appellant's appeal, nullifying the duty and penalty demand imposed in the initial order. en-us Fri, 20 Jan 2017 00:00:00 +0530 Mon, 06 Nov 2017 21:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195642 The Tribunal overturned the Commissioner (Appeals)'s decision, ruling that General Insurance Services like Marine Cargo, Fire, and Burglary policies qualify as 'input services' under Rule 2(1) of the Cenvat Credit Rules. The appellant successfully argued that these insurance services were directly linked to their business activities and thus eligible for Cenvat credit. The Tribunal emphasized the need for a precise interpretation of the 'input service' definition. Consequently, the Tribunal allowed the appellant's appeal, nullifying the duty and penalty demand imposed in the initial order. Case-Laws Service Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195642