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of <h1>Appellate Tribunal allows CENVAT credit on directors' remuneration under reverse charge mechanism</h1> <h3>M/s. SKN Organics P. Limited And M/s. Skan Research Lab (P) Ltd. Versus CCE, Puducherry</h3> M/s. SKN Organics P. Limited And M/s. Skan Research Lab (P) Ltd. Versus CCE, Puducherry - TMI The Appellate Tribunal CESTAT CHENNAI allowed the appeals stating that CENVAT credit cannot be denied on remuneration paid to directors under reverse charge mechanism with effect from 1.7.2012.
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