https://www.taxtmi.com/caselaws?id=271219 Cenvat credit on duty-paid inputs, work-in-process and finished goods in stock remained admissible when the duty regime changed and the earlier exemption no longer applied; Rule 3(1) and Rule 3(2) supported availment of credit in such circumstances. Credit also could not be denied merely because it was taken later, since the relevant provision did not prescribe any mandatory time limit and the reference to taking credit immediately was permissive rather than a bar. The assessee's entitlement to credit was therefore upheld on both grounds. en-us Tue, 08 Dec 2015 00:00:00 +0530 Sat, 30 Jan 2016 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271219 Cenvat credit on duty-paid inputs, work-in-process and finished goods in stock remained admissible when the duty regime changed and the earlier exemption no longer applied; Rule 3(1) and Rule 3(2) supported availment of credit in such circumstances. Credit also could not be denied merely because it was taken later, since the relevant provision did not prescribe any mandatory time limit and the reference to taking credit immediately was permissive rather than a bar. The assessee's entitlement to credit was therefore upheld on both grounds. Case-Laws Central Excise Tue, 08 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271219