2015 (7) TMI 712

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..... ORDER This is a case of disallowance of transit insurance, which was meant for risk cover of the goods meant for transportation from one place to other. Ld. adjudicating authority disallowed the Cenvat credit on the Service Tax paid in respect of insurance premium paid on the ground that such insurance related to goods pertaining to the transit for delivery at the destination of the buyer. He has .....

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..... e. Transport service and insurance on goods being distinct, the claim of Cenvat credit is also distinct. Accordingly, Revenue's contentions fail and denial of Cenvat credit of Service Tax paid on transit insurance premium may run counter to the mandate of Rule 2 of Cenvat Credit Rules, 2004. Therefore, the appeal is allowed. (Dictated and pronounced in the open Court)
Case laws, Decisions, Ju .....

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