In the financial year 2007-08, I found some raw mat. purchase bill related to F.Y. 2005-06 on which no cenvat credit availed. whether I can availed this cenvat cedit in Current finacial year (07-08) ????
whether any rule of CCR restrict time limit for claiming cenvat credit?????
There is no restriction in availing the credit as there is no specifi limitations in the act.
Ensure that you are able to justify the receipt of the goods, it would advisable to attach the Goods receipt note and Gate entry register copy establishing the receipt of raw material in the premise.
Based on the above you may evaluate your position and take the credit of Cenvat for the previous period.