Cenvat Credit claim period now requires initial claim within prescribed time from invoice; reversals re-availed upon compliance.
CENVAT Credit must be claimed for the first time within a prescribed period measured from the date of issue of invoice or similar documents; the amendment supersedes the earlier shorter benchmark and does not preclude re availment of credit previously reversed where statutory conditions for restoration (payment to service provider, use of inputs, or return from job work) are subsequently met. (AI Summary)