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2019 (6) TMI 194 - AT - Central ExciseCENVAT Credit - input services - insurance related services - HELD THAT:- The services of insurance as found from the list are integral to the safety. The value of plant and machinery running into thousands of crores are required to be safeguarded against various risks. Without such insurance services in case of any mis -happening, the enterprise would be at great loss and can never re-start its operations. We also find that the cost of such services stands included in the cost of production/ value of goods as certified by the Cost Accountant. There are no doubt that the services are integral part of cost of goods manufactured and would merit classification as “Input Service”. Unless and until a business is safeguarded against risk and losses it cannot work continuously. The Appellant are eligible to avail credit of service tax paid on Insurance Services as all are related to secure the plant and machinery and thus merit consideration as “Input Services” - appeal allowed - decided in favor of appellant.
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