Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2015 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (7) TMI 231 - CESTAT MUMBAIDenial of CENVAT Credit - insurance auxiliary services - Cenvat credit of Service Tax paid on premium paid to insurance companies for group insurance/insurance - Held that:- Karnataka High Court in the case of Millipore India Ltd. (2008 (11) TMI 97 - CESTAT, BANGALORE), wherein, after examining the CAS-4 Standards, the Hon’ble High Court accepted that all factors have to be taken into consideration while fixing the cost of the final products. The Hon’ble High Court further observed that the definition of ‘input services’ is too broad. Further it is not disputed in the facts of the case that the premium so paid in the present appeal has formed part of the cost of excisable goods on which Excise Duty has been paid on removal. Therefore, the appellant is entitled to avail, Cenvat credit for the insurance premium paid in respect of group insurance/insurance of employees including retired employees/mediclaim which are covered under the definition of ‘input services’ and have a nexus. - Decided in favour of assessee.
|