Cenvat Credit not eligible on Rent-a-Cab service if Assessee not in business of renting vehicles

N R Agarwal Industries LTD Vs C.C.E. & S.T. (CESTAT Ahmedabad) Limited issue involved is whether the appellant is eligible for Cenvat credit in respect of Rent-a-Cab service. Both the lower authorities have denied the Cenvat credit on the ground that the said service is excluded for allowing the Cenvat credit as per exclusion Clause given in Rule 2(l) of Cenvat credit Rules, 2004. Ongoing through the said exclusion Clause, I find that the exclusion is provided in respect of those Rent-a-Cab service where the vehicle taken on rent is not a capital goods. Since the Motor Vehicle was held to ...