CENVAT Credit Eligibility Confirmed for Service Tax on DICGC Deposit Insurance Services; Previous Disallowance Overturned.

CENVAT Credit - Service Tax paid on deposit insurance service provided by Deposit Insurance and Credit Guarantee Corporation (DICGC) - the credit of the Service Tax paid on the basis of premium paid to DICGC is eligible. The impugned order disallowing the credit and confirming the demand, interest and penalty is set aside. - AT .....

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