2014 (8) TMI 297

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..... vices is availed. In view of this, the impugned order is rightly passed - As now the appellant has reversed the credit of service tax paid on the common inputs services with interest, therefore the matter is to be re-examined by the adjudicating authority afresh - Decided in favour of assessee. - ST/85069/14-Mum - - - Dated:- 5-5-2014 - S S Kang And P K Jain, JJ. For the Appellant : Shri J .....

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..... ntention is that as the applicant has now reversed the whole of the credit with interest, therefore the applicants are entitled for the benefit of Notification 1/2006-ST dated 1.3.2006. The applicant relied upon the decision of the Hon'ble Allahabad High Court in the case of Hello Minerals Water (P) Ltd. Vs. UOI reported in 2004 (174) ELT 422 (All.). 4. The Revenue relied upon the findings .....

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..... Water (P) Ltd. (Supra) held that reversal of credit amounts to non-taking of credit on the inputs. As now the appellant has reversed the credit of service tax paid on the common inputs services with interest, therefore the matter is to be re-examined by the adjudicating authority afresh. The impugned order is set aside and the matter is remanded to the adjudicating authority for de novo adjudicat .....

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