CENVAT CREDIT

[RAMESH ANANTHAKRISHNAN]

Dear Sir,

We are engaged in the manufacture of synthetic filaments. Based on the production we avail CENVAT credit. Shall we avail CENVAT credit for the input material received more than 6 months back.

Kindly advise.

AI Summary

Synthetic Filament Manufacturer Ineligible for CENVAT Credit on Pre-March 2014 Invoices Due to Post-September 2014 Legal Amendment. A manufacturer of synthetic filaments inquired about the eligibility to avail CENVAT credit for input materials received over six months ago. A response indicated that CENVAT credit on invoices dated before March 1, 2014, is unavailable from September 1, 2014, due to a legal amendment. Another reply confirmed that opportunities to claim such credit have ceased post-September 1, 2014, following changes in the law.