Return goods received after on Year Cenvat credit taken or not

[NARESH VIJAY]

Dear Expert,

We have returnback Cenvatable Finished goods from our ware house after one year.

Material Sent to warehouse Feb 15 and Returnback July 16.Please advice we can take cenvat credit or not .

Akhilesh

AI Summary

Cenvat Credit Allowed for Goods Returned After One Year Under Rule 16 of Central Excise Rules, 2002 A discussion on a forum addressed whether Cenvat credit can be taken for goods returned to a warehouse after one year. An expert clarified that Rule 16 of the Central Excise Rules, 2002 does not impose a time limit for the return of finished goods, allowing Cenvat credit to be claimed. Another participant emphasized that since the goods were not sold but merely transferred between locations, credit is permissible. Additional replies highlighted that the credit is valid based on the date of return and discussed issues with using debit notes for credit claims, citing relevant circulars and case law.