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credit of service tax paid on Bank LC commission

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(Querist)
30 August 2008 whether service tax paid on bank lc commission can be taken as cenvat credit for paying excise duty
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CA Vivek Jain

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CA Vivek Jain (Expert)
30 August 2008 yes
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Ranjit Ahluwalia

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Ranjit Ahluwalia (Expert)
30 August 2008 Yes, See Rule 6(3) of Cenvat Credit rules, 2004



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CA. Mahesh Agarwal

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CA. Mahesh Agarwal (Expert)
30 August 2008 definately yes

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