2018 (5) TMI 1049

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ntical issue in respect of similarly placed industry, i.e. M/s Economic Explosives Ltd. [2018 (5) TMI 1034 - CESTAT MUMBAI] was considered by the Bench and was held in favor of assessee, by holding that Insurance service availed to protect workmen has direct nexus to the manufacturing activity of the appellant since appellant is engaged in the manufacture of explosives - credit allowed - appeal al .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rities as also before the Tribunal that the appellant being a manufacturer of explosives required to take out insurance policy under the Workmen's Compensation Scheme. Since the insurance policy so taken is in line with the statutory obligation CENVAT credit should be allowed. 4. Learned Counsel submits that identical issue in respect of similarly placed industry, i.e . M/s Economic Explosi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (43) STR 470 (Tri-Chennai), appeal is allowed. 6. In my considered view, the issue is now settled in favour of the appellant. Accordingly, following the ratio of the Tribunal's decision in identical matter, I hold that the impugned order is unsustainable and liable to be set aside and I do so. 7. Impugned order is set aside and the appeal is allowed. (Dictated in Court) - - Ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X