2014 (1) TMI 1201

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stay petitions are directed against Order-in-Original No. 41-44/STC-I/SKS/12-113 dated 07/01/2013 Commissioner of Service Tax - I, Mumbai. 2. Vide the impugned order, CENVAT credit amounting to Rs.4.69 crore has been denied and sought to be recovered along with interest thereon and also imposing equivalent amount of penalty under the provisions of the Finance Act, 1994. Aggrieved of the same the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e has been availed to provide accommodation to their employees. It is contended that it also would form part of the employee's perk and therefore, would be eligible for CENVAT credit. The service tax credit on this account amounts to Rs.16.35 lakhs. 3.2 The last category is Event Management Service, in respect of which a service tax credit of Rs.1.08 crore has been availed. This is for the variou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n the services availed and the output service provided by the bank and, therefore, he would urge that the appellant should be put to terms. 5. We have carefully considered the submissions made by both the sides. As regards the Insurance Auxiliary Service, this service is for providing group insurance policy, which is a part and parcel of the salary and perks given to the employees and, therefore, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X