https://www.taxtmi.com/forum/issue?id=107223 CENVAT credit availability depends on the invoice accounting treatment and compliance with CENVAT Credit Rules; if recorded gross with income tax benefit, credit is barred, whereas net of duty accounting may permit credit after following procedural rules. Judicial views treat "immediate" as allowing reasonable time (commonly one to two years), but the statutory limitation period under central excise law serves as a practical outer bound, making claims beyond it inadvisable. en-us Sat, 23 Aug 2014 13:33:06 +0530 Thu, 23 Jan 2025 15:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107223 CENVAT credit availability depends on the invoice accounting treatment and compliance with CENVAT Credit Rules; if recorded gross with income tax benefit, credit is barred, whereas net of duty accounting may permit credit after following procedural rules. Judicial views treat "immediate" as allowing reasonable time (commonly one to two years), but the statutory limitation period under central excise law serves as a practical outer bound, making claims beyond it inadvisable. Discussion-Forum Central Excise Sat, 23 Aug 2014 13:33:06 +0530 https://www.taxtmi.com/forum/issue?id=107223