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Learn MoreFacts:
The appellant, a manufacturer of Iron Castings had a factory in a remote area. They provided vehicles to their senior officials to commute between residence and factory. The appellant availed CENVAT Credit of service tax paid on insurance of such vehicles. Taking a view that there is no nexus between such insurance services and manufacturing activity, the department denied CENVAT Credit on insurance services.
Held:
Tribunal observed that the vehicles were used for company’s work as well as for commutation of senior officials and it was not a welfare activity but was an activity related to business and therefore, CENVAT was held admissible.