excise
This query is : Resolved
subhash chand
(Querist)
23 May 2009
what is the time limit for taking cenvat credit in central excise
Madhukar N Hiregange
(Expert)
24 May 2009
The provisions state immediately. However as per the decision of the SC in the case of Formica India division, benefits available under law cannot be restricted when there is a duty demand.
Ideaaly - within 1 years not dispute
1-3 years - some dispute possible but within limitation act ( to what extent that is applicable not knwon)
Over taht - disputable though support of case laws exust.
Ideaaly - within 1 years not dispute
1-3 years - some dispute possible but within limitation act ( to what extent that is applicable not knwon)
Over taht - disputable though support of case laws exust.
Jiwan singh
(Expert)
25 May 2009
As per section you can take credit immidiatly after receipt the material in factory.
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