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2016 (1) TMI 1011 - AT - Central ExciseCenvat credit lying unutilized in stock on 1.3.2003 denied - appellant has availed credit after a gap of one year - Held that:- As per Rule 3(1) of Cenvat Credit Rules, 2002 the appellant is entitled to Cenvat credit on the inputs in question which were either available in stock or in process or were contained in the final product lying in stock as on 1-3-2003, Thus, viewing the problem from any angle the appellant is entitled to claim Cenvat credit under Rule 3 of Cenvat Credit Rules, 2002. Accordingly, the issue is decided in favour of the Appellant. Reasonable time for availing the credit - Held that:- There is no time limit prescribed under Cenvat Credit Rules, 2002 during the impugned period, therefore the appellant is entitled to take credit. Decided in favour of the appellants.
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