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TMI Blog2013 (12) TMI 487X X X X Extracts X X X X X X X X Extracts X X X X ..... Capital in terms of the directions of the BIFR. Without such feasibility report from the M/s. SBI Capital rehabilitation package could not be finalized by the BIFR. Therefore, the service received by the appellant from SBI Capital has very much nexus with their manufacturing business and is covered by the term “activities relating to business” in the inclusive part of the definition of “input serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y. M/s. SBI Capital Market Ltd. for the service of preparing techno feasibility report regarding rehabilitation have charged some amount on which Service Tax amounting to Rs. 2,56,361/- had been paid and the appellant have taken credit of this amount. The department is of the view that this service received by the appellant from M/s. SBI Capital Market Ltd. is not covered by the definition of inp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion of the appellant-company, that the services received from M/s. SBI Capital have clear nexus with the manufacturing business of the appellant and hence the same are covered by the term activities relating to business in the definition of input services as given in Rule 2(l) of Cenvat Credit Rules, 2004, that the impugned order denying Cenvat credit is, therefore, incorrect, that the appell ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot be finalized by the BIFR. Therefore, the service received by the appellant from SBI Capital has very much nexus with their manufacturing business and is covered by the term activities relating to business in the inclusive part of the definition of input service , as given in Rule 2(l). In view of this, the requirement of pre-deposit of Cenvat credit demand, interest and penalty is waived for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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