https://www.taxtmi.com/caselaws?id=155629 The Tribunal ruled in favor of the appellant, overturning the denial of Modvat Credit due to late availment. It held that Rule 4(1) of the Cenvat Credit Rules, 2004 does not specify a time limit for taking credit, and delayed availment does not warrant denial of benefits. Precedent cases supported the appellant's argument, emphasizing that immediate availment of credit is not mandatory. As a result, the Tribunal set aside the denial of credit and allowed the appeal, providing consequential relief and disposing of the stay petition. en-us Thu, 20 May 2010 00:00:00 +0530 Mon, 17 Sep 2018 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155629 The Tribunal ruled in favor of the appellant, overturning the denial of Modvat Credit due to late availment. It held that Rule 4(1) of the Cenvat Credit Rules, 2004 does not specify a time limit for taking credit, and delayed availment does not warrant denial of benefits. Precedent cases supported the appellant's argument, emphasizing that immediate availment of credit is not mandatory. As a result, the Tribunal set aside the denial of credit and allowed the appeal, providing consequential relief and disposing of the stay petition. Case-Laws Central Excise Thu, 20 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155629