https://www.taxtmi.com/caselaws?id=400031 Marine insurance for goods supplied on FOR terms up to the buyer's doorstep qualifies as an input service under Rule 2(l) of the Cenvat Credit Rules, 2004, because the place of removal is determined with reference to the point of sale. Where the manufacturer retains responsibility for safe delivery and transit risk until delivery at the buyer's premises, insurance covering that risk is connected with clearance of final products up to the place of removal. The exclusion for general insurance did not apply on these facts, as it was confined to specified motor-vehicle related services. Accordingly, Cenvat credit on the marine insurance service was admissible. en-us Tue, 29 Sep 2020 00:00:00 +0530 Tue, 17 May 2022 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400031 Marine insurance for goods supplied on FOR terms up to the buyer's doorstep qualifies as an input service under Rule 2(l) of the Cenvat Credit Rules, 2004, because the place of removal is determined with reference to the point of sale. Where the manufacturer retains responsibility for safe delivery and transit risk until delivery at the buyer's premises, insurance covering that risk is connected with clearance of final products up to the place of removal. The exclusion for general insurance did not apply on these facts, as it was confined to specified motor-vehicle related services. Accordingly, Cenvat credit on the marine insurance service was admissible. Case-Laws Central Excise Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400031