The 22-year-old was facing a three-match ban after being sent off against Liverpool on Sunday in Newcastle's final Premier League game of the season.
Dummett was dismissed by referee Phil Dowd for a challenge on Luis Suarez, only five minutes after coming on as a substitute in a match Newcastle lost 2-1.
However, the St James' Park outfit have successfully appealed against the decision, meaning Dummett will no longer serve a suspension.
A statement from the Football Association on Tuesday read: "Newcastle United's Paul Dummett has had his claim of wrongful dismissal upheld following an Independent Regulatory Commission hearing.
"The standard punishment has, therefore, been removed with immediate effect."
Dummett enjoyed a breakthrough campaign this season, making his debut against Manchester City in August and going on to feature in a further 17 top-flight games.
Get the best features, fun and footballing frolics straight to your inbox every week.
Thank you for signing up to Four Four Two. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.