https://www.taxtmi.com/caselaws?id=403447 CENVAT credit on reinsurance services remained admissible after 01.04.2011 because the amended exclusion in Rule 2(l) of the CENVAT Credit Rules, 2004 was limited to general insurance services relating to a motor vehicle. Reinsurance taken by an insurer covered its business risks and was not tied to any particular motor vehicle, so it did not fall within the exclusion. The same reasoning applied to reinsurance obtained through the insurance pool, as the pool arrangement involved actual reinsurance services among participating insurers and supported credit availment through the premium mechanism. The assessee was therefore entitled to CENVAT credit on the disputed reinsurance services. en-us Thu, 28 Jan 2021 00:00:00 +0530 Fri, 29 Jan 2021 13:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403447 CENVAT credit on reinsurance services remained admissible after 01.04.2011 because the amended exclusion in Rule 2(l) of the CENVAT Credit Rules, 2004 was limited to general insurance services relating to a motor vehicle. Reinsurance taken by an insurer covered its business risks and was not tied to any particular motor vehicle, so it did not fall within the exclusion. The same reasoning applied to reinsurance obtained through the insurance pool, as the pool arrangement involved actual reinsurance services among participating insurers and supported credit availment through the premium mechanism. The assessee was therefore entitled to CENVAT credit on the disputed reinsurance services. Case-Laws Service Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403447