Cenvat credit on outward GTA transport services remains admissible where binding precedent has settled the issue.

Cenvat credit of service tax paid on Goods Transport Agency services used for outward transportation of finished goods was treated as admissible because the issue was already covered by binding precedent, including the Larger Bench decision in ABB Ltd. and the Karnataka High Court ruling. The settled position meant the Revenue's challenge lacked merit, and the credit was therefore available to the assessee for outward transportation of final products.

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Issues: Whether Cenvat credit of service tax paid on Goods Transport Agency services used for outward transportation of finished goods is admissible to the assessee.

Analysis: The issue was treated as already settled by the Larger Bench decision in ABB Ltd. and the Karnataka High Court decision, which held that credit of service tax paid on GTA services used for outward transportation of final products is available to the assessee. In view of the settled position, the Revenue's challenge was found to lack merit.

Conclusion: Credit of service tax paid on GTA services for outward transportation of final products was held admissible, and the Revenue's appeal failed.

Ratio Decidendi: Where the issue is covered by binding precedent, Cenvat credit of service tax paid on GTA services used for outward transportation of final products is admissible.

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