CENVAT Credit Exclusion: Motor Vehicle Insurance Not Capital Goods, Excludes Plant and Machinery Insurance for Output Services.

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Full Text of the Document

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....CENVAT Credit - input services - general insurance services - The exclusion clause is specifically applicable only in respect of general insurance service for motor vehicles which are not being used as capital goods - It cannot be said that the exclusion will be applicable to the insurance for the general plant, machinery which is used for providing the output service.....