https://www.taxtmi.com/caselaws?id=337513 CENVAT credit of special additional duty on imported inputs and capital goods could not be denied merely because availment was delayed, as Rule 4 of the CENVAT Credit Rules, 2004 requires receipt of goods in the factory but prescribes no outer time limit for taking credit. The clarification on "immediately" did not impose a fixed period, and authorities erred in reading a limitation into the rule. As the credit had been taken and reversed without utilisation and the substantive eligibility conditions were satisfied, restoration of the credit was allowed and the denial set aside. en-us Mon, 22 Aug 2016 00:00:00 +0530 Wed, 11 Jan 2017 07:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337513 CENVAT credit of special additional duty on imported inputs and capital goods could not be denied merely because availment was delayed, as Rule 4 of the CENVAT Credit Rules, 2004 requires receipt of goods in the factory but prescribes no outer time limit for taking credit. The clarification on "immediately" did not impose a fixed period, and authorities erred in reading a limitation into the rule. As the credit had been taken and reversed without utilisation and the substantive eligibility conditions were satisfied, restoration of the credit was allowed and the denial set aside. Case-Laws Central Excise Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337513