2013 (3) TMI 312 - AT - Service Tax

Eligibility to CENVAT credit of the service tax paid on insurance premium for the health insurance of retired employees - Held that - As the appellant has already reversed the CENVAT credit wrongly availed, waiver of the pre-deposit of interest and penalty adjudged against the appellant granted and stay recovery thereof during the pendency of the appeal.

Summary

The appeal was against an order related to eligibility for CENVAT credit on service tax paid for health insurance of retired employees. The appellant had to pay a service tax demand and penalty, which was confirmed by the lower appellate authority. The appellant reversed the wrongly taken credit and waiver of interest and penalty was granted during the appeal.