Cenvat Credit on Marine Insurance (Import & Export) Policy is available to manufacturer, Service Tax

[Geeta Rani]

We are a manufacturing Company and we have taken marine insurance policy for our import and export. Are we eligible to avail service tax paid on marine insurance policy?

If yes, then kindly quote some relevant case law.

Since Supreme Court in its one of the case made it clear that place of buyer cannot be 'place of removal' of goods. Accordingly as per Supreme Court judgement, Cenvat credit of service tax paid on outward freight or outward insurance will not be available.

Posts / Replies

[MUKUND THAKKAR]

it has direct nexus with the your manufacturing and supply activity. in your case place of removal is port not customer place.

[Geeta Rani]

So, Am I Eligible to take input credit of service tax paid on such insurance