Time limit for taking and utilizing cenvat credit

This query is : Resolved

surendran (Querist)
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14 November 2014 Dear Sir,
I am from newly Register private limted Company

Our Company was registered with Central Excise on 23-12-2013.

After that we purchased Plant, Machineries and Raw materials (from 01-01-2014 to 31-05-2014)

We entered the above inward materials in RG-23 A & C (Part-I) Register correctly.

But we did not take credit and not maintain RG-23 A & C (Part-II) Register.

We file NIL RETURN from DEC-2013 to OCT-14.

Till Date (13-11-2014) we are not start Production and Clearance activities.

My query is
TIME LIMIT for TAKING and UTILIZING CENVAT CREDIT IS APPLIED for us

With thanks and regards

Amit B

Amit B (Expert)
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14 November 2014 Sudarshan ,

You filed nil return means no cenvat is shown in ER / service tax return.
currently for taking cenvat credit 6 month criteria is applicable.

for Utilizing cenvat credit there is not time limit.

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