Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2008 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (8) TMI 333 - CESTAT, BANGALORECenvat – period of limitation – credit taken after 3 to 7 years after receipt of inputs - The only objection is that whether the credit can be availed, after a lapse of 3 to 7 years of receipts of inputs in the factory. Even though, the rule say that the credit may be taken immediately, it is true that no outer time limit has been prescribed. The Revenue’s contention is that within reasonable time, the appellant ought to have availed the credit. - there was sufficient reasons for the appellants for not taking credit during the relevant period in view of the Uncertainty in the matter. When the law is settled on the issue, there is no justification to deny the credit on the ground that it is availed after a long time. In any case, the Cenvat Credit Rules have not prescribed any outer time limit. – credit is allowed.
|