Eligibility of CENVAT credit - Input services or not - insurance service - premium for the master...

Eligibility of CENVAT credit - Input services or not - insurance service - premium for the master insurance policy issued to the appellant - The Cenvat credit was denied on the ground that, Insurance Company was providing service in relation to insurance of the gold belonging to the customers of the appellant and which was purchased from the appellant. - The Tribunal, following the larger bench and the Hon’ble High Court decisions, rejected the adjudicating authority's reasoning regarding the documentation provided for availing CENVAT credit, citing relevant provisions of the Reserve Bank of India Act, 1934, and Service Tax Rules, 1994. - Credit allowed. .....

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