2026 (2) TMI 515

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....involved in these appeals pertains to the time limit, within which the CENVAT Credit is required to be taken in terms of Rule 4(7) of the CENVAT Credit Rules, 2004. Prior to the period 01.09.2014, no restrictions were imposed in the said rule, providing any prescribed time limit for taking of CENVAT credit. However, vide Notification No. 21/2004- C.E. (N.T.) dated 11.07.2014 (with effect from 01.09.2014), Rule 4(7) of the Rules of 2004 was amended, providing the time limit of six months from the date of issuance of the invoice, for taking the CENVAT credit. The said period of six months was subsequently amended vide Notification No. 06/2015-C.E. (N.T.) dated 01.03.2015, by extending the period upto one year, for the purpose of taking the CE....

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....er. Insofar as allowing the benefit of CENVAT Credit amounting to Rs.1,21,37,918/-, Revenue has preferred an appeal before the Tribunal. On the other hand, the assessee4 appellant has assailed the impugned order, to the extent it has rejected the appeal and denied the benefit of CENVAT Credit amounting to Rs.43,23,742/-. 4. It is an admitted fact on record that the appellants had availed the CENVAT Credit within one year from the date of issuance of the invoices by the supplier of inputs/service providers, except in few cases where the invoices were generated prior to the date of issuance of the notification 11.07.2014 (supra). Further, in paragraph 3(b)(ii) in the said Notification dated 11.07.2014, the proviso clause was inserted by gi....