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TMI Blog2018 (11) TMI 1028X X X X Extracts X X X X X X X X Extracts X X X X ..... e it was held that The insurance is for covering the financial loss of the appellant / manufacturer and it cannot be considered as a post-manufacturing activity - credit allowed - appeal allowed - decided in favor of appellant. - Appeal No.: E/40609/2018 - Final Order No. 42604/2018 - Dated:- 17-9-2018 - Shri P Dinesha, Member (Judicial) Ms. P. Srija, Advocate for the Appellant Shri. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Order dated 01.02.2018 rejected the appeal filed by the appellant and upheld the Order-in-Original dated 31.10.2017. The appellant therefore has come in appeal before this forum. 2. Ms. P. Srija, Ld. Consultant, appeared on behalf of the appellant and Shri. R. Subramaniyan, Ld. Department Representative (DR) appeared on behalf of the Revenue. 3. During the course of hearing, Ld. Consultant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the product. In such cases, when there are defects to the product, the appellant / manufacturer will have to recall the product and thereby incur huge financial loss. The insurance is for covering the financial loss of the appellant / manufacturer and it cannot be considered as a post-manufacturing activity. The finance / raising a capital or adjustment of finances by way of taking insurance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the service tax paid on such fees is eligible for credit. 7. From the discussions made above, I am of the view that the disallowance of credit on the impugned services is incorrect and requires to be set aside, which I hereby do. The impugned order is set aside and the appeal is allowed with consequential relief, if any. 4. I find that this very issue has been addressed by this Bench i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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