https://www.taxtmi.com/caselaws?id=2559 Rule 4(1) of the Cenvat Credit Rules, 2002 required credit on inputs to be taken immediately on receipt in the factory, so delayed availment after several months was not permissible. The expression "immediately" had to be given its ordinary meaning of prompt action without avoidable delay and could not be expanded into a six-month window from the earlier regime. The contemporaneous circular did not authorise later availment; rather, it supported taking credit at the earliest opportunity. On that basis, Cenvat credit taken belatedly was disallowed and the assessee's claim was rejected. en-us Thu, 26 Jul 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2559 Rule 4(1) of the Cenvat Credit Rules, 2002 required credit on inputs to be taken immediately on receipt in the factory, so delayed availment after several months was not permissible. The expression "immediately" had to be given its ordinary meaning of prompt action without avoidable delay and could not be expanded into a six-month window from the earlier regime. The contemporaneous circular did not authorise later availment; rather, it supported taking credit at the earliest opportunity. On that basis, Cenvat credit taken belatedly was disallowed and the assessee's claim was rejected. Case-Laws Central Excise Thu, 26 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2559