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TMI Blog2009 (2) TMI 352X X X X Extracts X X X X X X X X Extracts X X X X ..... sessee should be considered to be ‘vocational training’ and therefore, assessee would be entitled to benefit of exemption under Notification No. 9/2003, dated 20.06.2003 as amended. Held that- the ratio of the above case is applicable to the present case also, thus allow the appeal. - ST/617 & 618 OF 2006 - 121 & 122 OF 2009 - Dated:- 13-2-2009 - M.V. RAVINDRAN, JUDICIAL MEMBER AND T.K. JAYARAMAN, TECHNICAL MEMBER ORDER T.K. Jayaraman, Technical Member - In terms of the impugned order, the appellants are required to pre-deposit the following amounts :— Sl. No. Stay/Appeal No. Service Tax (Rs.) Education Cess/ Higher Edu. Cess. (Rs.) Penalty (Rs.) 1. Stay No. 377/08 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 which provides exemption for institute giving the course which leads to the award of certificate or diploma or degree recognized by law. The finding given is that after the course is completed the institute gives a certificate and the said certificate cannot be considered as a degree or diploma. The so called certificate issued by them is at the most makes the candidate eligible for writing the examination conducted by IRDA. The lower authority has justified the extended period. He has given a finding that the appellants are duty bound to approach the department and take registration once their service comes into tax net. 8. The Commissioner (Appeals) has stated that the appellants are imparting coaching in Insurance Business to candida ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yllabus of the training given by the appellant. The broad topics covered are :— (a) Introduction to insurance (b) Fundamental of Agency Law (c) Legislative and regulatory matter (d) Procedure for becoming an agent and code of conduct (e) Functions of the agents (f) Company profile (g) Principles of Life Insurance (h) Financial planning and taxation (i) Insurance salesmanship (j) Computation of premium, bonus (k) Insurance document (l) Life insurance product (m) Options guarantees and riders (n) Group insurance pension plan (o) Health related insurance (p) Obligations of insurer to rural/social sector claim (q) Agency commission structure (r) Personal development (s) Behavioural aspect. 10. A perusal o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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