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2015 (12) TMI 813 - AT - Service TaxCenvat credit - rent-a-cab service - service was utilised by Assessee for providing currency chest service which is not a taxable service and hence is exempted from paying Service Tax - Held that:- Indeed the currency chest is required and maintained for providing banking and financial services. It can be nobody’s case that the currency chest was not used to provide their output service viz. banking and financial services, inasmuch as such cash is required for providing various services which are covered under banking and financial services (as mentioned in para 2(iv) above. It is the appellants choice in how much safety they want to keep their cash and they have chosen “currency chest” for safety and security of their cash. Cash management including transport of cash to and from the currency chest is thus relatable to providing banking and financial services and the services (security services and rent-a-cab service), hiring security vans are clearly required for such cash management/transfer and therefore, they are clearly within the ambit of “input services” - impugned services constitutes input service in respect of the appellants non-exempt output service. Accordingly, the impugned input credit is clearly admissible which makes the impugned demand unsustainable. For the same reason, the Revenue’s appeal also does not sustain. - Decided in favour of assessee.
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