https://www.taxtmi.com/caselaws?id=350377 Rule 6(3)(c) of the CENVAT Credit Rules, 2004 did not require the eligible 20% credit to be utilised within any fixed period, so unutilised credit could be carried forward and used later for payment of service tax. The authority's own view that credit unutilised as on 31.3.2005 would not lapse supported deferred utilisation, and the cited case law also favoured that reading. On that basis, a demand founded on alleged excess utilisation was unsustainable, and the appeal succeeded with the impugned order set aside. en-us Wed, 01 Nov 2017 00:00:00 +0530 Tue, 30 Jan 2018 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350377 Rule 6(3)(c) of the CENVAT Credit Rules, 2004 did not require the eligible 20% credit to be utilised within any fixed period, so unutilised credit could be carried forward and used later for payment of service tax. The authority's own view that credit unutilised as on 31.3.2005 would not lapse supported deferred utilisation, and the cited case law also favoured that reading. On that basis, a demand founded on alleged excess utilisation was unsustainable, and the appeal succeeded with the impugned order set aside. Case-Laws Service Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350377