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Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreA voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
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Facts:
Appellant had taken CENVAT credit in the year 2009 for the period pertaining to year 2004 to 2009. Respondent issued SCN and denied the credit and imposed the interest and penalties.
Held:
Tribunal observed that neither the Central Excise Act nor CENVAT Credit Rules prescribed any time limit within which credit should be taken, although it was prescribed that CENVAT credit would be available immediately. The appeal was allowed with consequential reliefs.