https://www.taxtmi.com/caselaws?id=768153 The Tribunal dismissed the Revenue's appeals, affirming that Notification No. 21/2014-CE(NT) dated 11.07.2014, which introduced a one-year time limit for availing CENVAT credit, applies prospectively only. The respondents were entitled to claim CENVAT credit for input services received before 11.07.2014 without being subject to this time limitation, as no such restriction existed under the previous CENVAT Credit Rules, 2004. The Tribunal upheld the Commissioner (Appeals)' decision to drop proceedings against the respondents, establishing that new limitations in notifications apply only to future transactions unless explicitly stated otherwise. en-us Wed, 19 Mar 2025 00:00:00 +0530 Tue, 01 Apr 2025 15:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768153 The Tribunal dismissed the Revenue's appeals, affirming that Notification No. 21/2014-CE(NT) dated 11.07.2014, which introduced a one-year time limit for availing CENVAT credit, applies prospectively only. The respondents were entitled to claim CENVAT credit for input services received before 11.07.2014 without being subject to this time limitation, as no such restriction existed under the previous CENVAT Credit Rules, 2004. The Tribunal upheld the Commissioner (Appeals)' decision to drop proceedings against the respondents, establishing that new limitations in notifications apply only to future transactions unless explicitly stated otherwise. Case-Laws Service Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768153