9911796707
TMI Blog2024 (1) TMI 630X X X X Extracts X X X X X X X X Extracts X X X X ..... e document for availing credit or not - such bank charges have nexus with the manufacturing of final product or not - HELD THAT:- On perusal of the definition under Rule 2(l) of the CENVAT Credit Rules, 2004, it is clear that banking services are included in the said definition. Further, such activities fall within the definition as per the phrase activities relating to business - The period is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redit of the Service Tax paid on bank charges on the strength of certificate issued by the bank authorities to the tune of Rs.2,78,316/- during the period from April 2009 to August 2010. 3. The Department was of the view that the certificate issued by the bank is not an eligible document for availing credit and also that such bank charges do not have any nexus with the manufacturing of final pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icate issued by the bank evidencing the collection of Service Tax on banking and financial services provided to the appellant; along with this certificate, the details of the Service Tax paid have also been appended. The said document is generally issued by banks evidencing the collection of Service Tax. 7.3 He would further contend that the banking services were availed by the appellant in con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the bank issues a certificate for the collection of bank charges along with Service Tax and separate invoices cannot be expected in such transactions. 10.2 The second reason is that the banking activities do not have any nexus with the manufacture of the finished product. 11.1 On perusal of the definition under Rule 2(l) of the CENVAT Credit Rules, 2004, it is clear that banking services are ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
