https://www.taxtmi.com/caselaws?id=446497 CESTAT Bangalore held that life insurance services with investment components under ULIP plans do not constitute exempted services for CENVAT credit purposes. Following precedents from CESTAT Mumbai, the tribunal ruled that premium portions earmarked for savings/investment are not exempted services. The demand for 6% of premium value attributable to non-risk coverage under Rule 6(3)(i) of CENVAT Credit Rules 2004 was confirmed. The appellant's appeal was allowed and impugned orders were set aside. en-us Mon, 04 Dec 2023 00:00:00 +0530 Wed, 06 Dec 2023 08:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446497 CESTAT Bangalore held that life insurance services with investment components under ULIP plans do not constitute exempted services for CENVAT credit purposes. Following precedents from CESTAT Mumbai, the tribunal ruled that premium portions earmarked for savings/investment are not exempted services. The demand for 6% of premium value attributable to non-risk coverage under Rule 6(3)(i) of CENVAT Credit Rules 2004 was confirmed. The appellant's appeal was allowed and impugned orders were set aside. Case-Laws Service Tax Mon, 04 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446497