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Can Avail Service Tax Input Credit of Product Liability Insurance

Service Tax - Started By: - Uttam JAvia - Dated:- 24-7-2015 Last Replied Date:- 25-7-2015 - Can I avail Service Tax of Insurance Policy for Product Liability Insurance, which is covered a manufacturing product export to outside of India in case of any defect company has to re-call and pay all losses to buyer. - Reply By Rajagopalan Ranganathan - The Reply = Sir, If the insurance service is provided in India before despatch of the goods for export and the Insurance Company is also located in Indi .....

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ther inform you that this query raised by audit party and issue show cause with below points: The Insurance Premium of Product Recall Liability/Product Liability Policies for any eventuality that may arise post-export and hence, in any case, after the goods had left the place of removal or in other words i.e. beyond the place of removal as defined under Rule 2(L) (ii) of Cenvat Credit Rule 2004 read with Explanation VI(II) (c) to Section 4 of the Central Excise Act, 1944. Whereas, it appears tha .....

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redit Rules, 2004. Is it any court judgment available for this type of query? - Reply By PAWAN KUMAR - The Reply = Dear Sir,As per my view, you can take cenvat credit of insurance policy taken for your final products. - Reply By Rajagopalan Ranganathan - The Reply = Sir, As per para 5 & 6 of CBEC's Circular No. 999/6/2015-CX dated 28th February, 2015 clearance of goods for exports from a factory can be of two types. The goods may be exported by the manufacturer directly to his foreign bu .....

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