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2011 (7) TMI 333 - AT - Central ExciseEligibility of Cenvat credit - Respondent had taken credit of service tax in respect of goods transport agency service and maintenance & repair service for the period from 31.12.06 to February 2008 in the month of March 2008 - Proceedings were initiated by the Revenue to disallow the cenvat credit so availed on the ground that cenvat credit was not availed immediately after the payment of the bills and the service tax - As the Board in Circular dated 29.08.2000 F.No.345/2/2000-TRU dated 29.08.2000, in para 10 it has been observed The idea is that if the manufacturer desires he can take the CENVAT credit at the earliest opportunity when the inputs are received in the factory - This, however, does not mean, nor is it even intended that if the manufacturer does not take credit as soon as the inputs are received in the factory, he would be denied the benefit of CENVAT credit - Such an interpretation is not tenable - Decided inb favour of assessee.
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