Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (1) TMI 1208 - AT - Central ExciseCENVAT credit - services provided by the financial company under the category banking and financial services - it was alleged that the services provided by the financial companies in the name of subvention charges /incentive is in the nature of commission, hence, not eligible to credit - Held that: - the object of arrangement itself speaks clearly and loudly that it is meant to enhance the sale of the manufactured goods of the Respondent through attracting customers by providing financial option to the respective customers and for the said purposes, they had approached the financial companies since they do not have such in-house finance facility - this arrangement has been rightly considered by the ld. Commissioner (Appeals) as a sale promotion activity and accordingly eligible input service - appeal dismissed - decided against Revenue.
|