2019 (10) TMI 691

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..... tative for the Respondent ORDER Today when the matter was taken up for hearing, Shri. Nitin Chopra, Ld. Advocate, appeared for the assessee and Shri. S. Govindarajan, Ld. Departmental Representative, appeared for the Revenue. 2. Ld. Advocate for the appellant submits that the denial of CENVAT Credit in the above appeal relates to Errors and Omissions Policy and Transit Insurance, which is alrea .....

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..... policy is in the nature of errors and omission insurance policy. It is a form of insurance policy which covers the risk on failure to perform on the part of financial loss caused or shortage in the service provided or the products sold. The Tribunal in the appellant's own case cited supra had analyzed this issue with regard to errors and omission policies and allowed credit. Following the same, I .....

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..... se of an output service provider. Hence disallowance of credit on this policy is unjustified and requires to be set aside, which I hereby do." 5.2 On the other hand, Ld. AR for the Revenue was unable to file any contrary decisions of the Tribunal or of any other higher fora to deviate from the findings given in the above case. 6. In view of the above, the impugned order is set aside. 7. The app .....

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