Court Rules "May" Offers Flexibility in Rule 4(1), Cenvat Credit Not Mandatory Upon Receipt of Inputs. https://www.taxtmi.com/highlights?id=7054 Cenvat credit denied as not availed immediately on receipt of the inputs - The word ‘may’ in sub-rule (1) of Rule 4 cannot be read as ‘shall’. - AT en-us Thu, 07 Mar 2013 15:36:57 +0530 Thu, 07 Mar 2013 15:36:57 +0530 TaxTMI RSS Generator Court Rules "May" Offers Flexibility in Rule 4(1), Cenvat Credit Not Mandatory Upon Receipt of Inputs. https://www.taxtmi.com/highlights?id=7054 Cenvat credit denied as not availed immediately on receipt of the inputs - The word ‘may’ in sub-rule (1) of Rule 4 cannot be read as ‘shall’. - AT Highlights Central Excise Thu, 07 Mar 2013 15:36:57 +0530 https://www.taxtmi.com/highlights?id=7054