What recent decision by the SC benefits telcos regarding CENVAT credit for towers and shelters

1. The recent Supreme Court ruling clarified that telecommunication companies are eligible for CENVAT credit on cell towers and shelters. 2. This decision is advantageous for telcos as it allows them to claim credit for the tower and shelter components, helping reduce their tax liability. 3. Telcos can now avail CENVAT credit on goods used for establishing cell towers, thereby minimizing the financial burden on the companies. 4. The ruling ensures that telecommunication companies can benefit from tax incentives and credits on essential infrastructure components like towers and shelters. 5. Overall, this decision by the Supreme Court provides a financial boost to telecommunication companies operating in India.