https://www.taxtmi.com/caselaws?id=786367 The Rule 4(7) time limit for availing CENVAT credit, introduced as six months and later extended to one year, applies prospectively. Invoices issued before the amendment cannot be subjected retrospectively to a restriction that removes an existing statutory right where the conditions for credit, including receipt of goods or services and payment of tax, were met. Credit taken within one year of invoice issuance is therefore not liable to denial for such pre-amendment invoices. The analysis applies the principle that subsequent statutory restrictions do not retrospectively divest accrued CENVAT credit entitlement. en-us Tue, 27 Jan 2026 00:00:00 +0530 Mon, 20 Jul 2026 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786367 The Rule 4(7) time limit for availing CENVAT credit, introduced as six months and later extended to one year, applies prospectively. Invoices issued before the amendment cannot be subjected retrospectively to a restriction that removes an existing statutory right where the conditions for credit, including receipt of goods or services and payment of tax, were met. Credit taken within one year of invoice issuance is therefore not liable to denial for such pre-amendment invoices. The analysis applies the principle that subsequent statutory restrictions do not retrospectively divest accrued CENVAT credit entitlement. Case-Laws Central Excise Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786367