Hi,
The following condition is proposed to the cenvat credit rules in the budget presented this fiscal year.
"Earlier there was no time restriction on availment of cenvat credit. The provisions of cenvat credit rules amended whereby a manufacturer or a service provider shall not take cenvat credit of inputs, input services after a period of 6 months from the date of issue of invoice, bill, chllan as the case may be. It must be noted that cenvat credit with respect to invoices/ challans / bills which are dated prior to 1st September 2014 will also be subject to such time restriction."
Could anyone please clarify whether the excise invoices pertaining prior to 01/09/2014 shall be allowed to take the credit within 6 months from 01/09/2014 or cenvat credit shall be taken on or before 01/09/2014.
Thanks in advance.
Best regards
Jagadeesh