TMI Blog2016 (6) TMI 320X X X X Extracts X X X X X X X X Extracts X X X X ..... , accounts relating to business such as accounting, financing will be covered within the definition of input service. Accordingly, valuation of the fixed assets got done by the Appellant with respect to manufacturing activities will have to be considered as an activity in relation to the manufacture of the goods. Cenvat Credit of such services will thus be admissible to the Appellant. - Decided in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssets which has been considered by the Adjudicating Authority as an activity not directly or indirectly related to the manufacture of final product under Rule 2(l) of the Cenvat Credit Rules, 2004. 3. Ld. CA argued that valuation of fixed assets includes the capital goods and other assets pertaining to manufacturing activity of the Appellant. It was his case that such services have to be consi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellant regarding valuation of fixed assets relating to manufacturing activity. From the definition of input service as given below under Rule 2(l) of CCR, it is observed that it is a very wide definition including activities relating to business such as accounting, auditing and financing etc. (l) input service means any service,- (i)used by a provider of taxable service for prov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... place of removal; 6. From the above definition is also transpires that accounts relating to business such as accounting, financing will be covered within the definition of input service. Accordingly, valuation of the fixed assets got done by the Appellant with respect to manufacturing activities will have to be considered as an activity in relation to the manufacture of the goods. Cenvat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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