2018 (4) TMI 588

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....spondent The facts of the case are that appellant availed Cenvat credit in respect of service namely Event Management and Insurance of Employees. The appellant admittedly reversed the Cenvat credit in respect of event management for Rs. 5603/- and also for Rs. 1,72,568/- on part of insurance service related to employees' families, which they are not contesting. The contest of the appellant ....

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....es are matter of interpretation, therefore. no malafide can be alleged, consequently no penalty is imposable. 3. On the other hand, Shri. Deepak S. Chavan, Ld. Superintendent (A.R.) appearing on behalf of the Revenue reiterates the findings of the impugned order. 4. On careful consideration of submissions made by both sides, I find that issue falls under narrow compass. As conceded by the Ld....

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....(42) S.T.R. 494 (iii) Commissioner of S.T.-I, Vs. FIL Capital Advisors (India) Pvt. Ltd. 2015 (40) S.T.R 1073 (iv) Reliance Industries Ltd. vs. Commr. C. Ex.& ST. (LTU), Mumbai 2015 (38) S.T.R. 217 5. As per my above discussion, credit on employees insurance   is held to be allowed. Cenvat credit in respect of event management and insurance of employees family member....