TMI Blog2017 (3) TMI 354X X X X Extracts X X X X X X X X Extracts X X X X ..... le 2(l), also the availment of the said credit on the strength of computer generated service issued by the bank is very much in order - appeal allowed - decided in favor of appellant. - E/41549/2015 & E/41550/2015-SM - FINAL ORDER No. 42343-42344/2016 - Dated:- 28-11-2016 - Shri Madhu Mohan Damodhar, Member (Technical) Appearance: Shri J.V. Niranjan, Advocate For the Appellant Sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me amount s of ₹ 2,40,101/- and ₹ 7,416/. 4. Today when the matter came up for hearing, Shri V.J. Niranjan, Learned Advocate submitted that they are not contesting the second disputed credit amount of ₹ 7,416/-. In respect of the first amount of ₹ 2,40,101/-, he submits that the said amount had been debited from the cenvat credit account during the month of June 2014 and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Financial Services are in no way ineligible for the purposes of Rule 2(l) of the Cenvat Credit Rules, 2004. 5. On the other hand, Ld.A.R reiterated the correctness of the impugned orders in both these appeals. 6. Heard both sides and gone through the records. The period involved in both the appeals related to June 2014. I find that as per the definition of Rule 2(l) ibid as applicable durin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeal No.E/41549/2015 will not sustain and will have to be set aside which I hereby do. Appeal No.E/41549/2015 is therefore allowed with consequential benefit, if any, as per law. 7. Coming to connected Appeal No.E/41550/2015, the matter is remanded back to original authority for de novo consideration in the light of decision concerning eligibility of the said input services Banking and Other F ..... X X X X Extracts X X X X X X X X Extracts X X X X
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