2021 (2) TMI 662

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....etly, Senior Counsel a/w Mr. J.B. Mishra for the Respondent ORDER P.C.: Heard Mr. Sridharan, learned senior counsel for the petitioner and Mr. Jetly, learned senior counsel for the respondents. 2. This appeal under section 35G of the Central Excise Act, 1944 has been preferred against the order dated 12.02.2019 passed by the Customs, Excise and Service Tax Appellate Tribunal, West Zona....

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....ve, the service provided by the Deposit Insurance and Credit Guarantee Corporation to the banks for insuring the deposits of the public with the banks has been considered by the banks to be an input service and CENVAT credit for service tax paid by the banks for this service has been availed of by the banks for rendering output service. The issue involved is whether the banks can avail credit of t....

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....following terms:- "The insurance service provided by the Deposit Insurance Corporation to the banks is an "input service" and CENVAT credit of service tax paid for this service received by the banks from the Deposit Insurance Corporation can be availed by the banks for rendering 'output services'." 12. In view of the decision rendered by the larger Bench of CESTAT, the impugned o....