Deemed credit restriction limits eligibility to primary metal and specified non ferrous waste, altering input credit entitlement. The notification narrows the scope of deemed credit to primary metal and to waste and scrap of non ferrous metals, permitting the exemption for such waste and scrap only where input credit on the originating material was not taken or has been debited back; deemed credit for primary metal applies to stock held on or after 1 3 1986 and for non ferrous waste and scrap to stock held on or after 2 11 1987.
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 restriction limits eligibility to primary metal and specified non ferrous waste, altering input credit entitlement.
The notification narrows the scope of deemed credit to primary metal and to waste and scrap of non ferrous metals, permitting the exemption for such waste and scrap only where input credit on the originating material was not taken or has been debited back; deemed credit for primary metal applies to stock held on or after 1 3 1986 and for non ferrous waste and scrap to stock held on or after 2 11 1987.
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