https://www.taxtmi.com/caselaws?id=773311 CESTAT Bangalore allowed the appeal regarding CENVAT credit admissibility. The tribunal held that credit availed on NPCI transaction statements for 2010-15 was admissible, rejecting revenue's argument about procedural non-fulfillment. The court ruled that denial of credit merely because ATM transactions were provided free to customers was unsustainable. The adjudicating authority had previously allowed similar credit for the subsequent period 2015-17, which revenue accepted. The impugned order was set aside, establishing that banks can claim CENVAT credit on ATM services regardless of customer charging practices. en-us Fri, 28 Mar 2025 00:00:00 +0530 Fri, 20 Jun 2025 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773311 CESTAT Bangalore allowed the appeal regarding CENVAT credit admissibility. The tribunal held that credit availed on NPCI transaction statements for 2010-15 was admissible, rejecting revenue's argument about procedural non-fulfillment. The court ruled that denial of credit merely because ATM transactions were provided free to customers was unsustainable. The adjudicating authority had previously allowed similar credit for the subsequent period 2015-17, which revenue accepted. The impugned order was set aside, establishing that banks can claim CENVAT credit on ATM services regardless of customer charging practices. Case-Laws Service Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773311