TaxTMI 
TaxTMI 
CENVAT CREDIT ON MARINE INSURANCE POLICY TAKEN FOR EXPORT OF GOODS
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....ENVAT CREDIT ON MARINE INSURANCE POLICY TAKEN FOR EXPORT OF GOODS<br> Query (Issue) Started By: - SHIVANSH KHANDELWAL Dated:- 3-8-2016 Last Reply Date:- 18-9-2016 Service Tax<br>Got 10 Replies<br>Service Tax<br>Dear All, Whether CENVAT CREDIT on premium paid on MARINE INSURANCE POLICY taken for the purpose of export of goods can be availed? If can't be availed coz of CCR UpTo place if remov....
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....al clause....then what will be the place of removal in this case.... As insurance cost is borne by the manufacturer.... Kindly reply with any relevant case law. Thank you all Reply By PAWAN KUMAR: The Reply: Dear Sir, As per my view, you may claim cenvat credit of service tax paid on insurance premium of Marine Policy. Reply By SHIVANSH KHANDELWAL: The Reply: Dear Mr. Pawan Kumar...can u re....
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....fer me any relevant case law... Or any legal support Thanks Reply By Rajagopalan Ranganathan: The Reply: Sir, In your case the place of removal is the port of export. You have taken the insurance before handing over the export goods to the Shipping Line. Therefore you are eligible to avail credit of service tax paid on marine insurance paid by you. Reply By Rajagopalan Ranganathan: The Reply....
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....: Sir, I am appending hereunder a relevant case law:- 2016 (5) TMI 843 - CESTAT CHENNAI- Alstom T & D Ltd. Versus Commissioner, LTU, Chennai Reply By SHIVANSH KHANDELWAL: The Reply: Thank you....but would like know...that even if Insurance is for marine cargo....will it be after the consensus of place of removal... Reply By Ganeshan Kalyani: The Reply: Sir, the case law cited by Sri Rajagop....
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....alan Sir, states that Service tax paid on insurance of the goods cleared from the factory gate till that reaches abroad. Your query is catered. Thanks. Reply By YAGAY AND SUN: The Reply: Even if on the worst case scenario, for the sake of argument, if CENVAT credit is not available, even then, refund would be available since as per the FTP Goods and Services should be exported out of India but ....
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....not the taxes to make Indian Goods and Services . Reply By Ganeshan Kalyani: The Reply: Yes Sir, I agree with you. You have enriched my knowledge. Thanks. Reply By YAGAY AND SUN: The Reply: Rajagopalan Ranganathan Sir, We have gone through the judgment which was shared by you. First of all thanks for enriching our knowledge and the second one is that "Do Keep Writing & replying with a sm....
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....ile" Regards, YAGAY AND SUN (Management, Business and Indirect Tax Consultants) Reply By Rajagopalan Ranganathan: The Reply: Sir, No. I am not replying with a smile.<br> Discussion Forum - Knowledge Sharing ....