Reliance Industries Entitled To Avail CENVAT Credit On Service Tax Paid On Insurance Premium For Employees Opting For Voluntary Separation Scheme: CESTAT

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) headed by Justice Dilip Gupta (President), Ajay Sharma (Judicial Member) and C.J. Mathew (Technical Member) has held that Reliance Industries is entitled to avail CENVAT credit on the service tax paid on insurance premium for employees who had opted for the "Voluntary Separation Scheme" (VSS).The...