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(d) Product liability insurance: If the product of a manufacturer was found to be defective causing large consequential damage, he will have to pay enormous compensation. The product liability insurance indemnifies him against such a liability.

25. In all such cases, by paying a small premium the employer, the insurance company, the doctor or the manufacturer cover their potential liability.

 Reliance Industries Ltd. 2019 (6) TMI 194 - CESTAT AHM "4. Heard both the sides and perused the records. We find that the Appellant has taken the general Insurance policies to safeguard its petroleum Complex. The services of insurance as found from the list are integral to the safety. The value of plant and machinery running into thousands of crores are required to be safeguarded against various risks. Without such insurance services in case of any mis - happening, the enterprise would be at great loss and can never restart its operations. We also find that the cost of such services stands included in the cost of production/ value of goods as certified by the Cost Accountant. We have no doubt in our mind that the services are integral part of cost of goods manufactured and would merit classification as "Input Service". Unless and until a business is safeguarded against risk and losses it cannot work continuously. Moreover we find that in the Appellant‟s own case the Tribunal vide Order dt. A/10371-10373/2017 dt. 20.01.2017 has allowed the credit on advertising agency service, insurance auxiliary service, air travel agent service, cable operator, clearing and forwarding agent services etc. by relying upon Appellant‟s own case as reported in 2016 (45) STR 383. The Tribunal in case held that the services used in relation to business activity would merit consideration as "Input Service". We find that in case of Anglo French Drugs & industries 2017 (3) GSTL 147 (TRI), the credit on impugned services were allowed by the Tribunal. In the Appellant‟s own case as reported in 2018 (15) G.S.T.L 366 (TRI), the Tribunal, on being satisfied that the cost of service is