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2018 (9) TMI 1716 - CESTAT CHENNAIValuation - Banking and Other Financial Services - inclusion of transaction charges in assessable value - Held that:- The matter has been addressed by the Tribunal in the case of First Securities Pvt. Ltd. Vs CST Bangalore [2007 (6) TMI 33 - CESTAT, BANGALORE] wherein it was held that value of such taxable services in respect of stock brokers will not include transaction charges and handling charges - such transaction charges cannot form part of the taxable value - demand set aside. CENVAT credit - input services - insurance of the employees - food charges - subscription - books / periodicals - travelling expenses - Held that:- All these credits relate to the period prior to 01.04.2011, only after which date, the definition of ‘input service’ has been made narrowed and certain exclusions also included in the definition - the issue decided in the case of CCE Nagpur Vs Ultratech Cement Ltd. [2010 (10) TMI 13 - BOMBAY HIGH COURT], where it was held that the definition of "input service" is very wide and covers not only services, which are directly or indirectly used in or in relation to the manufacture of final products but also includes various services used in relation to the business of manufacture of final products, be it prior to the manufacture of final products or after the manufacture of final products - credit allowed. CENVAT credit - duty paying invoices - credit availed on the basis of debit notes raised by an associate company M/s. Cholamandalam DBS Finance Ltd. for common expenses such as car parking expenses, water and electricity expenses, coffee and stationery expenses etc. - Held that:- Hon’ble High Court of Rajasthan in the case of CCE Jaipur Vs Bharti Hexacom Ltd. [2018 (6) TMI 435 - RAJASTHAN HIGH COURT] has held that cenvat credit can be allowed even on debit notes - credit allowed. Appeal dismissed - decided against Revenue.
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