2011 (8) TMI 167

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....HANA WADHWA   After dispensing with the conditions of pre-deposit service tax, we proceed to decide the appeal itself, inasmuch the issue lies in an narrow compass.   2. The benefit of Notification No.01/2006-ST dated 1.3.2006, which provided for abatement of value of services, stands denied to the appellants on the ground that they have availed credit and as such they have not ful....

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....ase of Chandrapur Magnet Wires (P) Ltd. vs. CCE reported in 1996 (81) ELT 3 (SC) has held that subsequent reversal of modvat credit amounts to non taking of credit on inputs and the benefit of exemption of notification cannot be denied even if reversal of credit on input was done at the Tribunal s stage, to the same effect decision of the Hon ble Gujarat High Court in the case of CCE, Ahmedabad-II....