2017 (2) TMI 318

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Commr (AR) for respondent ORDER Per M.V. Ravindran These two appeals are directed against Order-in-Appeal No. US/311 & 312/RGD/2012 dated 01.05.2012. 2. Heard both sides and perused the records. 3. The issue that falls for consideration is during the period April 2010 to March 2011, appellant had availed credit of service tax on various types of insurance policies taken by them. The....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....damage to goods whilst being transported sea; (f) Industrial All Risk Insurance Policy - for Plant and machinery and other assets of the company. Policy to cover large manufacturing industrial risks; (g) Marine War Insurance Policy - Insuring War Perils (h) Money Insurance Policy - to cover for loss of money in transit between the insured s premises and bank or post offi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ss of law came to a conclusion that the appellants are not eligible for availing CENVAT credit. Coming to such conclusion adjudicating authority confirmed the demand raised along with interest and also imposed penalties. 5. Learned Counsel would submit that the issue is no more res integra inasmuch as the Hon'ble High Court of Karnataka in the case of Commissioner of Central Excise v. Stanz....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ken by appellant are in respect of various machineries, tugs, vessels etc and also for public utility insurance for more than one unit situated in different locations under a single policy. 7.2 In our considered view, all these insurance policies which have been taken by appellant are connected with the activity of the appellant i.e. manufacturing of Hot Iron and Sponge Iron on which appellant ....