Clarification regarding availment of CENVAT credit after six months-reg.

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..... Chief Commissioners/Chief Commissioners of Central Excise (All) Principal Chief Commissioners/Chief Commissioners of Central Excise of Central Excise Customs (All) Director General, Directorate General of Central Excise Intelligence Principal Commissioners/Commissioners of Central Excise (All) Principal Commissioners/Commissioners of Central Excise customs (All) Web-master, CBEC .....

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..... 04 prescribes that if the payment of value of input service and service tax payable is not made within three months of date of invoice, bill or challan, then the CENVAT Credit availed is required to be paid back by the manufacturer or service provider. Subsequently, when such payment of value of input service and service tax is made, the amount so paid back can be re-credited. ii. According t .....

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..... he matter has been examined. The purpose of the amendment made by Notification No. 21/2014-CE (NT) dated 11.07.2014 is to ensure that after the issue of a document under sub-rule (1) of Rule 9 , credit is taken for the first time within six months of the issue of the document. Once this condition is met, the limitation has no further application. It is, therefore, clarified that in each of the .....

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