Time limit for cenvat credit?

Hello Uma,

Yes, You can avail this Cenvat now.

But as you say that it pertains to previous year... then there are chances that as you had not availed the cenvat credit , you might have booked it  under expenses ...and now the books might have been finalised.

You please check the treatment already given to CVD and SAD when the bill was booked.

It is for sure that ,, when the accountant had not availed cenvat  credit, they might have clubbed it in the value of purchases ....

so In current F.Y. Can we reverse the purchase value and take the credit of amounting equal to CVD.

please .........

Regards

Nilesh