Speciality Restaurants Wins CESTAT Appeal on ₹7.87 Cr Demand

Speciality Restaurants Ltd has received a favorable order from the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai. The tribunal set aside an order dated October 31, 2018, which had confirmed a demand of ₹7.87 crore. This demand was related to the alleged failure to reverse CENVAT Credit for the period August 2012 to March 2015. The company had appealed against the original show cause-cum-demand notice issued in February 2016. The CESTAT's decision means the company has won this litigation, with no merits found in the impugned order.