https://www.taxtmi.com/caselaws?id=1181 Cenvat credit of Special Excise Duty was treated as allowable even when taken after receipt of inputs, because the inputs were duly received, recorded in the statutory records, and their duty-paid character was undisputed. Rule 4 of the Cenvat Credit Rules, 2002 uses the word "immediately", but the provision was treated as not imposing a rigid time bar where there was no manipulation, no dispute about receipt, and the delay arose from a bona fide belief that the credit was not available. The lapse was characterised as procedural rather than substantive, so denial of credit was not justified. en-us Wed, 01 Nov 2006 00:00:00 +0530 Mon, 14 Apr 2008 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1181 Cenvat credit of Special Excise Duty was treated as allowable even when taken after receipt of inputs, because the inputs were duly received, recorded in the statutory records, and their duty-paid character was undisputed. Rule 4 of the Cenvat Credit Rules, 2002 uses the word "immediately", but the provision was treated as not imposing a rigid time bar where there was no manipulation, no dispute about receipt, and the delay arose from a bona fide belief that the credit was not available. The lapse was characterised as procedural rather than substantive, so denial of credit was not justified. Case-Laws Central Excise Wed, 01 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1181