TMI BlogCENVAT Credit - input services - Merely for the reason that the break-up of premium amount is shown in...CENVAT Credit - input services - Merely for the reason that the break-up of premium amount is shown in the policy, the fact that remains is that the policy is one and single with the feature of both risk coverage and investment opportunity simultaneously. It cannot be said that the ‘insured’ i.e. the subscriber to the policy has availed two separate policies. Neither there can be a question of extending the facility for subscribing to ULIP policy with only the investment portion, excluding the r..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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