Availbility of cenvat credit of service tax on bank charges

Jinesh Shah (freelancing, industry) (105 Points)

19 September 2013  


Reqd ur help on this one.

A manufacturing concern, manufacturing Hi-tech rubber products, avails an overdraft facility from a bank. The bank, as usual, charges processing fees on the application. It also charges od/cc charges charges regularly.

So my query over here is can this organization avail cenvat credit of service tax charged on

  1. Processing fees
  2. OD/CC charges.