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2016 (12) TMI 858 - AT - Service TaxDenial of cenvat credit - input services - Financial Advisor to the appellant - denial on the ground that the services are not directly or indirectly related to manufacture - Held that: - In any case, the definition of "input service" as contained in Rule 2(l) ibid, particularly, after its amendment w.e.f. 1.4.2011 contains two parts. The first part is an inclusive definition laying down examples of the type of input services that would fall within the ambit of eligible "input services". The second part of the definition contains specific exclusions of services which cannot be considered as eligible "input services" for the purposes of Rule 2(l) ibid. The inclusive part of the definition therefore sets out only examples of input services which would fall in the genre of eligible "input services". It also includes services "used in relation to such activities". "Financing" finds a mention in the list of examples given in Rule 2(l). The type and nature of service provided by M/s.MAPE would definitely be services used in relation to financing and financial management of the appellant. This being the case, and considering that financial consultancy/advice is not disbarred otherwise in any of the exclusions in Rule 2(l) ibid, the eligibility of said input services should not be in question. Appeal allowed - decided in favor of appellant.
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