https://www.taxtmi.com/caselaws?id=374392 Input services used in the course of business and for facilitating exported output services were treated as having a direct and essential nexus with the output activity, so CENVAT credit and consequential refund were available for services such as general insurance, air travel, storage and warehousing, banking and financial services, and business auxiliary services. The Rule 5 refund computation was applied with the notification-based ceiling that refund cannot exceed the balance credit available at the relevant time, and no additional reduction was required merely because part of the credit had been used for domestic tax liability. The refund claim was therefore to be computed under the prescribed formula without excluding such utilisation. en-us Fri, 25 Jan 2019 00:00:00 +0530 Thu, 23 Jan 2020 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374392 Input services used in the course of business and for facilitating exported output services were treated as having a direct and essential nexus with the output activity, so CENVAT credit and consequential refund were available for services such as general insurance, air travel, storage and warehousing, banking and financial services, and business auxiliary services. The Rule 5 refund computation was applied with the notification-based ceiling that refund cannot exceed the balance credit available at the relevant time, and no additional reduction was required merely because part of the credit had been used for domestic tax liability. The refund claim was therefore to be computed under the prescribed formula without excluding such utilisation. Case-Laws Service Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374392