This notification fixes the rate of deemed Cenvat Credit in respect of articles of apparel and clothing accessories, not knitted or crocheted, falling under Chapter 62 of the said First Schedule - 054/2001 - Central Excise - Non Tariff

Deemed Cenvat Credit allowed on specified apparel inputs, permitting credit without documents and subject to utilization and exclusions.

The notification declares specified fabrics and ancillary inputs as declared inputs for apparel under Chapter 62 and deems duty on those inputs to have been paid, allowing a deemed Cenvat credit to the manufacturer without production of payment documents. The credit is to be utilized toward excise duty on the final products, with provisions for use in respect of exports under bond or refund where adjustment is not possible, and exclusions for manufacturers availing rule 3 credit or where duty has been evaded.