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2017 (3) TMI 60 - AT - Central ExciseCENVAT credit - denial on account of nexus - credit availed on the basis of duty paying invoices issued by Input Service Distributor for various insurances services - Held that: - the issue is squarely covered by the ratio of judgment in assessee-Appellants' own case M/s HINDUSTAN ZINC LTD Versus COMMISSIONER OF CENTRAL EXCISE, JAIPUR [2014 (7) TMI 485 - CESTAT NEW DELHI], where it was held that Insurance of plant and machinery, goods in transit, cash in transit and insurance of vehicles and laptop, is an integral part of manufacturing business, as no manufacturer would carry on manufacturing operations without insurance of plant & machinery, cash in transit, goods in transit, vehicles & computers, etc. against any loss due to accident, natural calamities, etc - appeal allowed - decided in favor of appellant-assessee.
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