Cenvat credit time limit clarified: time bar applies only to initial credit; re credit after reversal permitted once conditions are met. The six-month limitation in the CENVAT Credit Rules applies only to taking credit for the first time from the date of issue of an eligible document. Subsequent re credit of amounts reversed under the provisions dealing with non-payment for input services, write offs of inputs or capital goods before use, or non return of inputs from a job worker is not subject to the six month rule, provided the original credit was timely taken and the conditions for re credit are met.
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Provisions expressly mentioned in the judgment/order text.
Cenvat credit time limit clarified: time bar applies only to initial credit; re credit after reversal permitted once conditions are met.
The six-month limitation in the CENVAT Credit Rules applies only to taking credit for the first time from the date of issue of an eligible document. Subsequent re credit of amounts reversed under the provisions dealing with non-payment for input services, write offs of inputs or capital goods before use, or non return of inputs from a job worker is not subject to the six month rule, provided the original credit was timely taken and the conditions for re credit are met.
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