Availment of CENVAT Credit for Service Tax paid to Car Dealers for Violation of IRDAI Guidelines: CESTAT upholds Demand and Penalty [Read Order]

Availment - CENVAT -Credit - Service -Tax -paid - Car -Dealers - Violation - IRDAI - CESTAT - Demand - Penalty-TAXSCAN

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the demand for CENVAT credit and penalty imposed for the wrongful availed credit on the ground of violations of Insurance Regulatory and Development Authority of India (IRDAI) guidelines.  Royal Sundaram General Insurance Company Ltd, the appellant assessee was engaged in providing…

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