Deemed credit refund admissible for grey fabrics used in exported processed textiles despite dispute; earlier-period claims considered. Refund of unutilized deemed credit on grey fabrics used in processed fabrics exported under bond is administratively recognised as admissible because grey fabrics are made from duty-paid yarn/fibres which are declared inputs and deemed credit applied where inputs are contained in final products; refunds for earlier periods must be considered on their merits since substantive entitlement to refund existed and cannot be denied merely because procedural notification was issued later.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed credit refund admissible for grey fabrics used in exported processed textiles despite dispute; earlier-period claims considered.
Refund of unutilized deemed credit on grey fabrics used in processed fabrics exported under bond is administratively recognised as admissible because grey fabrics are made from duty-paid yarn/fibres which are declared inputs and deemed credit applied where inputs are contained in final products; refunds for earlier periods must be considered on their merits since substantive entitlement to refund existed and cannot be denied merely because procedural notification was issued later.
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