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2014 (1) TMI 718 - AT - Service TaxEligibility of the banking services – Held that:- The services are integrally connected with the manufacturing business of an assessee and hence have to be treated as covered by the expression "activities relating to business" in the definition of input service as given in Rule 2(1) of the Cenvat Credit Rules – thus, the services availed by the appellant from the bank are eligible for cenvat credit. Validity of the documents - the debit advices issued by the bank for different periods contain the name and address of the bank, service tax registration no, period during which services were provided, the nature of the service, amount charged for the services along with service tax and education cess - Thus, the debit advices issued by the bank on the basis of which cenvat credit has been taken, contain all the information which is required to be included in an invoice - the debit advices have to be treated as valid documents for cenvat credit - Just because these advices were not issued by the bank within a period of 15 days from the date of providing the service, the cenvat credit cannot be denied to the appellant – following Vimal Enterprises Vs. Union of India [2005 (7) TMI 111 - HIGH COURT OF GUJARAT AT AHMEDABAD] - the cenvat credit cannot be denied to an assessee for faults for which he is not responsible – Decided in favour of Assessee.
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