Flexibility in CENVAT Credit Claims: Rule 4(1) Allows Up to Two Years Post-Receipt of Inputs.

If the credit can be taken immediately at the end of the month, it can be taken after end the year or at the end of 2 years for that matter; the only restriction placed even under the Rule 4 (1) of the CENVAT Rules, 2004 is that credit cannot be taken before the receipt of inputs. .....

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