Relief to Reliance Industries: CESTAT allows Cenvat Credit on Premium Paid for Group Insurance under VSS [Read Order]

Reliance Industries - Cenvat Credit - CESTAT - Premium Paid - Group Insurance - Insurance - VSS - Voluntary Separation Scheme - taxscan

In a major relief to Reliance Industries Ltd, the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), allowed Cenvat Credit on premium paid for group insurance under Voluntary Separation Scheme (VSS). The appellant, M/s Reliance Industries Ltd, manufacturer of excisable goods at their facility in Vadodara, had been issued with show cause notice…

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