https://www.taxtmi.com/caselaws?id=374956 The Tribunal allowed the appeals, overturning the Adjudicating Authority's decision to deny the appellant the right to avail and utilize Cenvat Credit on insurance deposits. The Tribunal determined that insurance of deposits qualifies as an input service under Rule 2(l) of Cenvat Credit Rules, 2004, emphasizing its essential nature for financial institutions like banks. The judgment highlighted the importance of insurance in banking operations, aligning with precedents and industry practices, and set aside the impugned order, granting relief to the appellant. en-us Fri, 11 Jan 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374956 The Tribunal allowed the appeals, overturning the Adjudicating Authority's decision to deny the appellant the right to avail and utilize Cenvat Credit on insurance deposits. The Tribunal determined that insurance of deposits qualifies as an input service under Rule 2(l) of Cenvat Credit Rules, 2004, emphasizing its essential nature for financial institutions like banks. The judgment highlighted the importance of insurance in banking operations, aligning with precedents and industry practices, and set aside the impugned order, granting relief to the appellant. Case-Laws Service Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374956