Cenvat credit

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seshadev sahoo (Querist)
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18 October 2011 Dear sir,
We are sending material for jobwork, but we are not taking Cenvat Credit of such material. We are taking Cenvat Credit when we recieved the processed material. But my question is If the such material recieved after 2 year and our Excise Audit completed of such period, then can we take the such Cenvat Credit.

Thanks

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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19 October 2011 Conuct of audit has nothing todo with availment of credit. As longas the same has not been availed earlier , it was eligible and used for manufacture of excisable goods liable to duty, it cannot be denied.