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M/s DNH Spinners Pvt. Ltd. Versus Commissioner of C. Ex. & S. Tax, Vapi

2016 (11) TMI 1167 - CESTAT AHMEDABAD

CENVAT credit - input services - various Insurance services - Held that: - I find that undisputedly the insurance policies have been taken by the Appellant in relation to stock of raw materials, semi-finished goods/finished goods, packing material, c .....

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pressed by the Tribunal in the aforesaid two judgments cited by the learned Advocate for the Appellant. In the result, the impugned Order is devoid of merit - CENVAT credit allowed - appeal allowed - decided in favor of appellant. - E/13063/2013-SM - .....

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ner (Appeals), C.Ex. & S.Tax, Vapi. 2. Briefly stated the facts of the case are that the Appellants availed CENVAT Credit of ₹ 4,22,061/- on various Insurance services, namely, Insurance on Plants & Machinery, building and raw material/ .....

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dingly, demand notice was issued for recovery of the said CENVAT Credit of ₹ 4,22,061/- and proposal for imposition of penalty. On adjudication, the demand was confirmed and penalty of equal amount imposed. Aggrieved by the said order, they pre .....

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ng CENVAT Credit on standard fire and special perils insurance in relation to stocks of raw materials/finished goods, and transit insurance on the ground that the same were not received by them within the factory premises but outside the factory prem .....

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uring activity ought to be allowed. He submits that in the present case, insurance policies have been taken to safeguard against the transit and storage of raw materials/finished goods outside the factory premises, therefore, eligible for CENVAT Cred .....

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