https://www.taxtmi.com/caselaws?id=34865 The Appellate Tribunal CESTAT, Mumbai, ruled in a case concerning the denial of Cenvat credit on inputs due to delayed credit availing. The Tribunal held that the denial of credit based on delay was unjustified as the Rules did not specify a strict time limit for availing credit. Citing precedents and CBEC clarifications, the Tribunal emphasized that credit should be taken at the earliest opportunity after input receipt, without a prescribed time limit. Consequently, the Tribunal granted a complete waiver of the duty demanded and penalty imposed, staying recovery pending appeal disposal. en-us Fri, 24 Apr 2009 00:00:00 +0530 Mon, 11 Jul 2016 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34865 The Appellate Tribunal CESTAT, Mumbai, ruled in a case concerning the denial of Cenvat credit on inputs due to delayed credit availing. The Tribunal held that the denial of credit based on delay was unjustified as the Rules did not specify a strict time limit for availing credit. Citing precedents and CBEC clarifications, the Tribunal emphasized that credit should be taken at the earliest opportunity after input receipt, without a prescribed time limit. Consequently, the Tribunal granted a complete waiver of the duty demanded and penalty imposed, staying recovery pending appeal disposal. Case-Laws Central Excise Fri, 24 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34865