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2009 (10) TMI 307 - HC - Central ExciseCenvat Credit- Limitation- Credit taken after expiry of six months from date of issuance of duty paying documents. Once period of limitation has begun, no subsequent event can stop it. Sub Rule (5) of Rule 57G of erstwhile Central Excise Rule 1944 admits no exception whatsoever for consideration of any claim of Modvat Credit after expiry of period of six months from the date of commencement of period of limitation. The law of limitation is based on delay and laches. It does not bar the right but the remedy. One of the most important and universal rules is that time, when it has once commenced to run in any case will not cease to do so by reason of any subsequent event which may be within the saving of the statute. The law of limitation is not one of substance but of procedure. The object of prescribing limitation is to put an end to litigation, or to state it in other words, litigation may attain finality.
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