https://www.taxtmi.com/caselaws?id=413478 Cenvat credit for inputs relating to 2009-10 and 2010-11 was taken in July 2013, when no statutory time limit governed the point of availment. A later notification introducing a six-month or one-year limit operated prospectively and could not be applied to deny credit for a period when no limitation existed. The settled principle applied is that a limitation cannot be read into a scheme by implication where the earlier regime contained none. On that basis, denial of credit on limitation grounds was held unsustainable and the assessee succeeded. en-us Mon, 11 Oct 2021 00:00:00 +0530 Fri, 18 Feb 2022 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413478 Cenvat credit for inputs relating to 2009-10 and 2010-11 was taken in July 2013, when no statutory time limit governed the point of availment. A later notification introducing a six-month or one-year limit operated prospectively and could not be applied to deny credit for a period when no limitation existed. The settled principle applied is that a limitation cannot be read into a scheme by implication where the earlier regime contained none. On that basis, denial of credit on limitation grounds was held unsustainable and the assessee succeeded. Case-Laws Central Excise Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413478