https://www.taxtmi.com/caselaws?id=416925 The Tribunal upheld the admissibility of CENVAT credit on commission payments to overseas agents under the reverse charge mechanism. It emphasized the retrospective effect of an explanation allowing such credit, citing judicial discipline and the binding nature of its own precedent in Essar Steel India Ltd case. The Tribunal overturned the Commissioner (Appeals) decision, highlighting the importance of consistency in legal interpretations and the obligation of lower authorities to follow rulings of higher courts and tribunals. en-us Thu, 16 Dec 2021 00:00:00 +0530 Wed, 12 Jan 2022 08:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416925 The Tribunal upheld the admissibility of CENVAT credit on commission payments to overseas agents under the reverse charge mechanism. It emphasized the retrospective effect of an explanation allowing such credit, citing judicial discipline and the binding nature of its own precedent in Essar Steel India Ltd case. The Tribunal overturned the Commissioner (Appeals) decision, highlighting the importance of consistency in legal interpretations and the obligation of lower authorities to follow rulings of higher courts and tribunals. Case-Laws Central Excise Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416925