https://www.taxtmi.com/caselaws?id=448377 CESTAT Chandigarh allowed the appeal where the appellant had wrongly availed CENVAT credit of Rs. 64,698/- on input services while claiming abatement under Notification 1/2006 dated 01.03.2006, which prohibited such credit availment. The appellant admitted the error by newly appointed staff unfamiliar with the notification and subsequently reversed the credit with interest, informing the department. Following SC precedent in Chandrapur Magnet Wires, the tribunal held that reversing wrongly availed credit with interest amounts to no credit being availed, making the impugned order unsustainable in law. en-us Thu, 11 Jan 2024 00:00:00 +0530 Wed, 17 Jan 2024 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448377 CESTAT Chandigarh allowed the appeal where the appellant had wrongly availed CENVAT credit of Rs. 64,698/- on input services while claiming abatement under Notification 1/2006 dated 01.03.2006, which prohibited such credit availment. The appellant admitted the error by newly appointed staff unfamiliar with the notification and subsequently reversed the credit with interest, informing the department. Following SC precedent in Chandrapur Magnet Wires, the tribunal held that reversing wrongly availed credit with interest amounts to no credit being availed, making the impugned order unsustainable in law. Case-Laws Service Tax Thu, 11 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448377