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2016 (11) TMI 1167 - CESTAT AHMEDABAD

2016 (11) TMI 1167 - CESTAT AHMEDABAD - TMI - 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, consumables as is evident from the policies enclosed as Annexure A to the present appeal memorandum. The said policies are availed by the Appellant has a definite nexus with business of manufacture of fi .....

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PI/2013-14, dt.21.05.2013, passed by Commissioner (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/semi-finished goods in stock etc. during the period July 2006 to March 2011 claiming the same as input service. Alleging that the said services do not fall under the scope of definition of input service , .....

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rned Commissioner (Appeals) has erred in denying 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 premises. The learned Advocate further submits that the criteria of eligibility of CENVAT Credit on input services should not be confined to the factory premises but even if used outside the factory premises .....

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