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2018 (7) TMI 611 - AT - Central ExciseCENVAT Credit - input services - Director Sitting Fees - premium for product liability insurance - Revenue claims that the insurance is post manufacturing activity - Held that:- The risk covers the defects with the product. In such cases, when there are defects to the product, the appellant / manufacturer will have to recall the product and thereby incur huge financial loss. The insurance is for covering the financial loss of the appellant / manufacturer and it cannot be considered as a post-manufacturing activity - This cannot be said to be a post-manufacturing activity for the reason that such insurance policies addresses the financial risks of the manufacturer - denial of credit unjustified. Director Sitting Fees - Held that:- It is the duty of the director to attend the meetings and therefore the service tax paid on such fees is eligible for credit - credit allowed. Appeal allowed - decided in favor of appellant.
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