CENVAT Credit: Leasing Costs Not Borne by Company Excluded from Output Service Costs Under Credit Rules.

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....CENVAT Credit - One of the principles followed for allowing the benefit of cenvat credit is that it should form the cost of manufacture of input, output and final product or it should form cost of output service. When the cost of leasing is not borne by the company, it cannot be said that it forms pat of the output service. - AT....