Time limit of one year - Cenvat rules

[SANDESH SHINDE]

Dear Sir, As per nothing cation 6 / 2015 central excise notification nt the time limit of one year to avail cenvat credit will be applicable for those credit which were availed beyond 6 months as per previous time limit.pls explain, thanks and regards

AI Summary

CENVAT Credit Time Limit Extended to One Year from March 2015; Implications for Older Credits Discussed A discussion on a forum addresses the change in the CENVAT credit time limit from six months to one year, effective from March 1, 2015, as per Notification No. 6/2015-CE (NT). Participants inquire about the implications for credits previously availed beyond six months under the old rule. One contributor clarifies that credits taken beyond six months before March 1, 2015, should be reversed, but can be reclaimed if within one year from the invoice date. They caution that the Department's interpretation might differ, potentially leading to disputes. Participants seek further expert clarification on availing credits for older invoices.