https://www.taxtmi.com/caselaws?id=792628 For an NBFC using manpower services across multiple business verticals, CENVAT credit could not be denied on the premise of exclusive use for insurance auxiliary and mutual fund distribution services. Rule 6(3B) of the Cenvat Credit Rules, 2004 operates as a special overriding mechanism for banking companies, financial institutions and NBFCs, permitting the prescribed 50% reversal method and displacing the general restrictions in Rule 6(1), Rule 6(2) and Rule 6(3). On limitation, the extended period was unavailable where the department already knew the relevant facts, no suppression or intent to evade was established, and the dispute was interpretational; demand beyond the normal period was therefore time-barred. en-us Fri, 29 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 08:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792628 For an NBFC using manpower services across multiple business verticals, CENVAT credit could not be denied on the premise of exclusive use for insurance auxiliary and mutual fund distribution services. Rule 6(3B) of the Cenvat Credit Rules, 2004 operates as a special overriding mechanism for banking companies, financial institutions and NBFCs, permitting the prescribed 50% reversal method and displacing the general restrictions in Rule 6(1), Rule 6(2) and Rule 6(3). On limitation, the extended period was unavailable where the department already knew the relevant facts, no suppression or intent to evade was established, and the dispute was interpretational; demand beyond the normal period was therefore time-barred. Case-Laws Service Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792628