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2011 (2) TMI 772 - CESTAT, AHEMDABADCenvat credit - Input services in respect of Import of car - car was being used by the Managing Director of the company - held that:- since the car is owned by an individual and not by the appellant, the services rendered in relation to the car cannot be considered as input services for the appellants company. - A company may meet the cost of maintenance or running expenses of the car of its employee as part of his terms of employment and these expenses would be in the nature of perks to the employee - Cenvat Credit denied - invocation of longer period is justified - As regards penalty, find that the appellant might have availed the credit under a bonafide impression that since the expenses as regards insurance etc. are being born by the company, they are entitled to take the credit - As such by invoking the provisions of Section 80 of the Finance Act, 1994, extend the benefit of doubt to the appellant and set aside the penalty imposed upon them - The appeal is disposed off in above terms.
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