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of <h1>CENVAT Credit Rules 2017: Claim Credit Within One Year, Reverse if Inputs Aren't Returned in 180 Days</h1> The CENVAT Credit Rules, 2017, outline conditions for claiming CENVAT credit on inputs. Credit can be taken upon receipt of inputs at the manufacturer's factory or job worker's premises, but not after one year from the document's issuance. Credit is allowed even if inputs are sent to job workers for further processing, provided they return within 180 days. If inputs are not returned in time, the credit must be reversed but can be reclaimed upon return. The Deputy or Assistant Commissioner may permit final products to be cleared from a job worker's premises under certain conditions. Payments must be made by the 5th of the following month, except for March, which is due by the 31st. Failure to pay results in recovery actions.
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