HC: Copy of Delhi HC order holding time-limit prescribed for transitional credit as 'directory'

Delhi HC reads down Rule 117 of the CGST Rules as being  directory in nature, insofar as it prescribes the time-limit for transitioning of  credit, observes that "the same would not result in the forfeiture of the rights, in case the credit is not availed within the period prescribed"; Holds that "CENVAT credit which stood accrued and vested is the property of the assessee, and is a constitutional right under Article 300A of the Constitution. The same cannot be...