2019 (2) TMI 583

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..... risk against the financial services provided by not taking insurance. Moreover same is mandatory in terms of DICGE. And accordingly, they have taken the insurance cover which will definitely form the part of input service for the output service being rendered by them - credit allowed - appeal allowed - decided in favor of appellant. - Service Tax Appeal No. ST/54213-54214/2015-DB - Final Order N .....

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..... its on the ground that insurance of deposit is not an input service under Rule 2(l) of Cenvat Credit Rules, 2004, for them. The Adjudicating Authority accordingly held that they are not entitled to avail and utilise Cenvat Credit. Against these orders, the appellant is before us. 3. Ld. Counsel appearing on behalf of the appellant submits that insurance of deposits is essential for them to secu .....

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..... impugned order and submits that insurance taken by the appellant is not input service as the same is not used in discharge of output service, and therefore, they are not eligible to claim such credit on input credit under the Cenvat Credit Rules, 2004. 5. We have heard the rival contentions and also gone through the appeal records. 6. We find that the issue is no more res integra, in view o .....

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