No CENVAT Credit on Service Tax for Insurance Premium on Outward Transportation of Final Products: CESTAT [Read Order]

No CENVAT Credit on Service Tax for Insurance Premium on Outward Transportation of Final Products: CESTAT CESTAT ruled that no CENVAT credit is admissible for service tax paid on insurance premiums related to the outward transportation of finished goods. The tribunal held that such expenses are not directly linked to the manufacturing process, and thus do not qualify for input tax credits. This decision limits the scope for businesses to claim credits on peripheral services, reiterating the principle that only core business activities can benefit from tax relief measures.