Insurance, Hedging & Employee Training Services Qualify as Input Services for Cenvat Credit: CESTAT Delhi

National Engineering Industries Ltd. Vs Commissioner of CGST (CESTAT Delhi) The case concerns the admissibility of Cenvat credit on various input services availed by the appellant, a manufacturer of ball bearings and axle boxes. The dispute arose when the department objected to the availment of Cenvat credit on services such as insurance, professional/consultancy fees, airfare, and travel-related expenses for the period from August 2014 to April 2015. A show cause notice proposed disallowance of credit amounting to ₹38,19,851. During adjudication, part of the demand relating to professional/...