Deemed credit for yarn and fibres revised to redefine excise credit calculation for qualifying final products. Amendment substitutes sub clause (b) in clause (I) and sub clause (b) in clause (II) of paragraph 2 of the notification, recasting the deemed credit entitlement for yarn and fibres as a specified proportion of the excise duty leviable on final products other than those specified in sub clause (a), thereby redefining the calculation basis for credit in respect of qualifying final products.
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Provisions expressly mentioned in the judgment/order text.
Deemed credit for yarn and fibres revised to redefine excise credit calculation for qualifying final products.
Amendment substitutes sub clause (b) in clause (I) and sub clause (b) in clause (II) of paragraph 2 of the notification, recasting the deemed credit entitlement for yarn and fibres as a specified proportion of the excise duty leviable on final products other than those specified in sub clause (a), thereby redefining the calculation basis for credit in respect of qualifying final products.
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