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TMI Blog2017 (5) TMI 1079X X X X Extracts X X X X X X X X Extracts X X X X ..... x paid - Marine Policy is in relation to the inward and outward movement of manufactured goods and the service tax paid by the insurance authorities is in respect of finished goods hence Cenvat Credit was eligible - Directors and Officers liability insurance is in respect of the insurance cover taken by the appellant assessee in respect of the liability that may arise on directors and officers dur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this common order. 2. Heard both sides and perused the records. 3. On perusal of the records, I find that the issue is regarding denial of Cenvat Credit of the service tax paid on services like Property Insurance Services, Marine Policy, Directors Officers liability and Product Liability Insurances. During the period April 2012 to March 2013 and May 2013 to December 2013, appellants have t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ards appellant company and product liability is an insurance of the products for which services were provided by insurance company. Both the lower authorities have misdirected the findings recording that these services are not used in relation to manufacturing of the finished products. In my considered view, I find that both the lower authorities have failed in appreciating the correct position of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by CESTAT, Mumbai Bench). As regards the eligibility to avail Cenvat credit of the service tax paid on Marine Policy and Directors Officers liability, I find that the Judgment in the order of Tribunal in the case of Hindustan Zinc Limited [2015(37)S.T.R. 608 (Tri.-Del.)] directly covers the issue in favour of the appellant herein. The judgment of the Tribunal in the case of Hindustan Zinc Limit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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