https://www.taxtmi.com/caselaws?id=449670 CESTAT Chennai held that appellant was eligible for exemption under Notification No. 01/2006-ST dated 01.03.2006 despite initially availing CENVAT credit on input services. The tribunal ruled that when CENVAT credit is reversed along with interest, the bar on claiming exemption is removed. Following precedents from CESTAT New Delhi in Old World Hospitality Limited and Travel Inn India Pvt. Ltd., the tribunal determined that reversal of CENVAT credit amounts to non-availment, making the appellant eligible for abated duty rates. The appeal was allowed. en-us Fri, 16 Feb 2024 00:00:00 +0530 Sat, 17 Feb 2024 06:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449670 CESTAT Chennai held that appellant was eligible for exemption under Notification No. 01/2006-ST dated 01.03.2006 despite initially availing CENVAT credit on input services. The tribunal ruled that when CENVAT credit is reversed along with interest, the bar on claiming exemption is removed. Following precedents from CESTAT New Delhi in Old World Hospitality Limited and Travel Inn India Pvt. Ltd., the tribunal determined that reversal of CENVAT credit amounts to non-availment, making the appellant eligible for abated duty rates. The appeal was allowed. Case-Laws Service Tax Fri, 16 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449670