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2017 (5) TMI 1079 - CESTAT HYDERABADCENVAT credit - input services - nexus with manufacturing activity - Property Insurance Services - Marine Policy - Directors & Officers liability - Product Liability Insurances - Held that: - property insurance is in respect of the insurance of factory premises including plant & machinery and service tax paid - Marine Policy is in relation to the inward and outward movement of manufactured goods and the service tax paid by the insurance authorities is in respect of finished goods hence Cenvat Credit was eligible - Directors and Officers liability insurance is in respect of the insurance cover taken by the appellant assessee in respect of the liability that may arise on directors and officers during discharge of their duties towards appellant company - product liability is an insurance of the products for which services were provided by insurance company - all the services have nexus with business - credit allowed - appeal allowed - decided in favor of assessee.
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