https://www.taxtmi.com/caselaws?id=432639 The Tribunal held that the premium paid for group insurance under a voluntary separation scheme (VSS) by the manufacturer of excisable goods was eligible for CENVAT credit under Rule 2(l) of the 2004 Rules. The Tribunal relied on previous rulings and emphasized that such insurance premiums constituted an 'input service' essential to manufacturing operations. It was clarified that eligibility for credit was not contingent on how duty was discharged on finished goods. The Tribunal referred to relevant case law and definitions to support its decision, ultimately setting aside the denial of credit and allowing the appeal. en-us Thu, 22 Dec 2022 00:00:00 +0530 Wed, 11 Jan 2023 08:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432639 The Tribunal held that the premium paid for group insurance under a voluntary separation scheme (VSS) by the manufacturer of excisable goods was eligible for CENVAT credit under Rule 2(l) of the 2004 Rules. The Tribunal relied on previous rulings and emphasized that such insurance premiums constituted an 'input service' essential to manufacturing operations. It was clarified that eligibility for credit was not contingent on how duty was discharged on finished goods. The Tribunal referred to relevant case law and definitions to support its decision, ultimately setting aside the denial of credit and allowing the appeal. Case-Laws Central Excise Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432639