CENVAT Credit Eligibility Tied to Law at Service Receipt Time: CESTAT

Intas Pharmaceuticals Limited Vs C.C.E.-Ahmedabad-ii (CESTAT Ahmedabad) Introduction: The recent order from the CESTAT Ahmedabad in the case of Intas Pharmaceuticals Limited vs. C.C.E.-Ahmedabad-II addresses the eligibility of CENVAT credit under Rule 6(3A) of the Cenvat Credit Rules, 2004. The appellant, engaged in the manufacture of medicaments, had reversed CENVAT credit on a monthly basis under Rule 6(3A) but faced issues related to the quantification of reversible amounts. 1. Background and Reversal of Credit: The appellant, following Rule 6(3A), reversed CENVAT credit monthly and claime...