2015 (2) TMI 1011

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..... MUMBAI) the issue came up before this Tribunal and the Tribunal held that Cenvat credit can be taken at any time after purchase of the goods. Further the case law cited by the learned A.R. has no relevance to the facts of the present case as in that case the assessee took the credit within one year of the purchase of the inputs and this Tribunal held that the credit is taken within a reasonable t .....

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..... three years of its purchase. 2. The brief facts of the case are that the respondent procured inputs namely oxygen during the period April 2003 to October 2005 and they have taken the credit in October 2006. Revenue was of the view that Cenvat credit has been availed with inordinate delay therefore the same is not allowed as per Rule 4(1) of the Cenvat Credit Rules, 2004. The learned Commissione .....

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..... . Ltd. (supra) the issue came up before this Tribunal and the Tribunal held that Cenvat credit can be taken at any time after purchase of the goods. Further the case law cited by the learned A.R. has no relevance to the facts of the present case as in that case the assessee took the credit within one year of the purchase of the inputs and this Tribunal held that the credit is taken within a reason .....

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