2026 (6) TMI 1425

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....t insurance service provided by Deposit Insurance and Credit Guarantee Corporation (in short DICGC), which did not appear to qualify as input service as defined under Rule 2(1) of CENVAT Credit Rules, 2004, an investigation was initiated by DGCEI, Kochi Regional Unit. During investigation it was gathered that deposit insurance premium was linked only to the deposit accepted by the respondent/assessee and had no nexus with any other service rendered by the assessee and the assessee had to pay the deposit insurance premium to DICGC against each and every deposit accepted by the assessee. Further, the Revenue was of the view that the assessee could not charge any fee from the depositors for insuring their deposits and the payment of deposit in....

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....und that the invoices were issued on 11.04.2012, 20.09.2012 and 06.12.2012 whereas the CENVAT Credit has been availed by the respondent during the months of March, 2012, November, 2012 i.e., the respondent had allegedly taken the said credit prior to issuance of the invoices dated 11.04.2012, 20.09.2012 and 06.12.2012. Therefore, it is the Revenue's contention that the respondent is not entitled to the said credit. 5. Heard the Ld. Authorized Representative of the Revenue and perused the records. 6. On perusal of the records, we find that the dispute has been raised with regard to three invoices wherein the dates are mentioned as "11.04.2012", "20.09.2012" and "06.12.2012". It is the case of the Revenue that the CENVAT Credit in respe....

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....T DEPARTMENT. 2. NETAJI SUBHASH ROAD, KOLKATA KOLKATA. W B 700001 ~ CATEGORY OF SERVICES : INSURANCE Amount (3) Sr. No. Particulars 1 Deposit Insurance Premium for the half year ending March 31,2018 530889172 4 4. Service Tax @ 10% Education Cess @ 2% on above Secondary & Higher Education Cees @ 1% on above 53086817 1061738 530860 Total 586548697 Five Hundred Eighty Five Million Five Hundred-Forty Eight Thousand Six Hundred Ninety Seven RUPEES and No PAISE only 4 Yours faithfully. 4 For DICGC Mumbai ag प्रधान कार्यालय : भारतीय रिजर्व बैंक विम्à¤....

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....¤…धिकारी ALLAHABAD BANK HEAD OFFICE, INVESTMENT DEPARTMENT 2, NETAJI SUBHASH ROAD KOLKATA - 700001 WEST BENGAL महोदय / Sir सेवा की श्रेणी. बीमा /CATEGORY OF SERVICES : INSURANCE 6.8. Sr. No. विवरण / Particulara w() Amount [1) 1. 30 सितम्बर, 2012 को समाप्त वर्ग के लिए जया बीमा प्रीमियम Deposit Insurance Premium for the half year eriding September 30,2012 E 57,22,19,....

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....œà¥€à¤¯à¤¨à¤£ संख्या AAACD2084ESD001 akDate: 08/12/2012 Service Tax Reg.No. बैंक पंजीकरण संख्या। 230 इंस्टिट्यूट संख्या/, 184 Bank Reg. No. Institution Code The Chief Executive Officer/ मुख्य कार्यपालक अधिकारी ALLAHABAD BANK, HEAD OFFICE, INVESTMENT DEPARTMENT. 2; NETAH SUBHASH ROAD KOLKATA 700001 ·KOLKATA, W B- महोदय / Si : CRY PIE:INSURANCE FA Sr. No. ....