Amendment to Notification No. 7/2001-CE(NT), dated 1-3-2001 issued in respect of deemed credit in respect of independent textile processors and composite mills - 028/2001 - Central Excise - Non Tariff

Deemed credit revised for independent textile processors and composite mills, increasing prescribed aggregate shares under central excise notification.

Amendment under rule 57AK modifies Notification No. 7/2001 Central Excise (N.T.) to increase the prescribed aggregate shares used to calculate deemed credit for independent textile processors and composite mills. Specifically, paragraph 2 is amended by substituting larger aggregate proportions in sub paragraph (i), item (b), and in sub paragraph (ii), item (b), thereby increasing the deemed credit entitlements provided by the original notification.