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2018 (6) TMI 635 - CESTAT CHENNAICENVAT credit - various input services - Management Consultancy Services - Department was of the view that the appellants are not eligible to avail credit on the management consultancy services as these services do not have nexus with the manufacturing activity - the period involved is 2008 - Held that:- The Tribunal in the case of Tamilnadu Petroproducts [2016 (12) TMI 858 - CESTAT CHENNAI] has observed that since financing finds a mention in the list of examples given in Rule 2(l), such services definitely would fall within the definition of input services and could be eligible for credit. The appellants have availed the services of M/s. Ambit Corporate Finance Ltd. for the purposes of selling their automotive component division to raise funds. Raising funds is nothing but obtaining finance for the appellant-company. Such activity is definitely integrally connected to the manufacturing activity of the company. In any case, it would fall within the cover of activities relating to business of manufacture. Denial of credit unjustified - appeal allowed - decided in favor of appellant.
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