https://www.taxtmi.com/caselaws?id=328489 Reversal of the entire CENVAT credit before adjudication was treated as equivalent to non-availment of credit, preserving entitlement to abatement under Notification No. 1/2006-ST for erection, commissioning or installation services. The article applies the principle that where wrongly availed credit is fully reversed before final adjudication, the exemption condition is not defeated, following the Supreme Court view in Precot Meridian Ltd. On that basis, the benefit of the notification remained available and the related demand, interest, and penalties could not be sustained. en-us Wed, 30 Mar 2016 00:00:00 +0530 Wed, 09 Nov 2016 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328489 Reversal of the entire CENVAT credit before adjudication was treated as equivalent to non-availment of credit, preserving entitlement to abatement under Notification No. 1/2006-ST for erection, commissioning or installation services. The article applies the principle that where wrongly availed credit is fully reversed before final adjudication, the exemption condition is not defeated, following the Supreme Court view in Precot Meridian Ltd. On that basis, the benefit of the notification remained available and the related demand, interest, and penalties could not be sustained. Case-Laws Service Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328489