https://www.taxtmi.com/caselaws?id=431481 The appeal challenged the disallowance of CENVAT credit on insurance premium for medical claims of employees under a Voluntary Separation Scheme. The Larger Bench concluded that credit could be availed as the insurance premium constituted an 'input service' under the CENVAT Credit Rules, 2004. The Bench clarified that the service was related to business activities, making it eligible for credit. The decision settled the interpretation of rule 2(l) and confirmed the eligibility of credit for insurance premium paid for medical cover for retiring employees under the special scheme, leading to the appeal's success and resolution of the controversy. en-us Fri, 09 Dec 2022 00:00:00 +0530 Thu, 15 Dec 2022 09:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431481 The appeal challenged the disallowance of CENVAT credit on insurance premium for medical claims of employees under a Voluntary Separation Scheme. The Larger Bench concluded that credit could be availed as the insurance premium constituted an 'input service' under the CENVAT Credit Rules, 2004. The Bench clarified that the service was related to business activities, making it eligible for credit. The decision settled the interpretation of rule 2(l) and confirmed the eligibility of credit for insurance premium paid for medical cover for retiring employees under the special scheme, leading to the appeal's success and resolution of the controversy. Case-Laws Central Excise Fri, 09 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431481