https://www.taxtmi.com/caselaws?id=409081 The Tribunal ruled in favor of the appellant, allowing the cenvat credit for banking and finance services used in setting up the new Pelletizing Plant. The judgment emphasized the broad interpretation of the definition of "input service" under Rule 2(l) of CCR, considering services integral to the manufacturing process as eligible for credit. The decision highlighted the importance of modernization and efficiency improvements in existing manufacturing facilities, ultimately granting the appellant the benefit of the credit under the relevant rules and regulations. en-us Mon, 21 Jun 2021 00:00:00 +0530 Tue, 29 Jun 2021 09:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409081 The Tribunal ruled in favor of the appellant, allowing the cenvat credit for banking and finance services used in setting up the new Pelletizing Plant. The judgment emphasized the broad interpretation of the definition of "input service" under Rule 2(l) of CCR, considering services integral to the manufacturing process as eligible for credit. The decision highlighted the importance of modernization and efficiency improvements in existing manufacturing facilities, ultimately granting the appellant the benefit of the credit under the relevant rules and regulations. Case-Laws Central Excise Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409081