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2014 (3) TMI 482 - AT - Central ExciseWaiver of pre deposit - Denial of CENVAT Credit - Input services in respect of Employees Health Insurance - period prior to 1.4.2008 - Held that:- in view of decision in Commissioner vs. Stanzen Toyotetsu India (P) Ltd. [2011 (4) TMI 201 - KARNATAKA HIGH COURT)] wherein ‘Insurance Auxiliary Services’ were held to have a nexus with the business activities of the assessee - stay granted. Cenvat credit in respect of Residential Fire Policy - nexus with business activity - Held that:- Conflicting decisions of the High Court have been cited before me. Judicial discipline demands that the view taken by the jurisdictional High Court be followed. - following the decision in the case of ITC Ltd. vs. Commissioner of C. Ex., Hyderabad [2010 (17) S.T.R. 146 (Tri.-Bang.)] as affirmed by the HC in [2011 (11) TMI 516 - ANDHRA PRADESH HIGH COURT], stay granted.
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