https://www.taxtmi.com/caselaws?id=387207 The denial of CENVAT Credit for Errors and Omissions Policy and Transit Insurance was deemed unjustified by the Tribunal. The Errors and Omissions Policy covers financial risks due to service or product failures, previously allowed for credit. The Transit Insurance Policy, covering goods transportation risks, was also considered eligible for credit as input service for an output service provider. With the Revenue failing to present contrary decisions, the denial of credit was set aside, allowing the appeal with consequential benefits. en-us Thu, 17 Oct 2019 00:00:00 +0530 Sat, 19 Oct 2019 08:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387207 The denial of CENVAT Credit for Errors and Omissions Policy and Transit Insurance was deemed unjustified by the Tribunal. The Errors and Omissions Policy covers financial risks due to service or product failures, previously allowed for credit. The Transit Insurance Policy, covering goods transportation risks, was also considered eligible for credit as input service for an output service provider. With the Revenue failing to present contrary decisions, the denial of credit was set aside, allowing the appeal with consequential benefits. Case-Laws Service Tax Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387207