Time period for availing CENVAT Credit

[Guest]

I wanted to know what is the maximum time period after receipt of raw material / invoice date  to the premises of manufacturer for availling a CENVAT credit.

Is their any notification available in central, excise rule

AI Summary

CENVAT Credit Claim: No Specific Time Limit; Rule 4(1) Allows Credit at Earliest Opportunity, Supported by Legal Precedents. A participant in a discussion forum inquired about the time limit for availing CENVAT credit after receiving raw materials or invoices. Two respondents clarified that there is no specific time limit under the Central Excise Rule or CENVAT Credit Rules. The term 'immediately' in Rule 4(1) suggests taking credit at the earliest opportunity, but not necessarily within 24 hours. Various legal precedents support that CENVAT credit can be claimed within a reasonable time, even years later, as no statutory time limit is prescribed.