2014 (5) TMI 835

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....envat Credit amounting to Rs.2,39,47,069/- has been denied to the appellant mainly on the ground that the appellant has not been able to establish the nexus between the services availed and the manufacturing operations undertaken by them. Further, interest on the amount has been confirmed apart from imposing penalties on the appellant. Aggrieved of the same, the appellant is before us. 3. The learned Counsel for the appellant submits that various services on which the service tax credit has been denied and the amount denied are as given below. In respect of insurance coverage to dependent parents of the employees, the appellant has already reversed credit taken along with interest: No. Show Cause Notice Services in respect of wh....

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....   Stock Insurance 271329.53       Survey fees 37002.77       Third party liability (offshore and onshore) 10863678.50       Aviation fleet/aircraft related insurance 2368098.47         2,33,15,663.98   3. 02.05.2013 Comprehensive off shore package policy 332102.16       Standard fire and special perils insurance 25018       Survey Fees/Professional fees/Chartered Engineer 92.92       Comprehensive petrol pump policy 919         358132.08   3.1 The le....

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.... sides. As the issue lies in a narrow compass, we take up the appeal itself for consideration and disposal after waiving the requirement of any pre-deposit. 5.1 Prima facie, we find that the costs of various services availed forms part of the assessable value of the goods manufactured and sold by the appellant. Therefore, there is no reason to deny Cenvat Credit of the duty/taxes paid on the various inputs/input services availed by the appellant for undertaking their business operations. The appellant has also furnished Cost Accountant's certificates certifying the above. For any reason, if the department does not want to place reliance on these certificates, under Section 14AA of the Central Excise Act, they can conduct special audi....