NOTIFICATION NO. 06/2002-CE(N.T.), DT. 01/03/2002 - Rate of deemed credit in respect of independent textile processors and composite mills - 029/2002 - Central Excise - Non Tariff
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Deemed CENVAT credit rate amended to remove specific sub-paragraph and explanations, altering textile processor credit rules. The Central Government amends the prior notification on deemed credit for independent textile processors and composite mills by omitting a specified sub-paragraph in paragraph 2 after sub-clause (b), deleting the proviso to Explanation 3, and removing Explanation 6, thereby narrowing the textual provisions governing deemed credit under the CENVAT framework.
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Provisions expressly mentioned in the judgment/order text.
Deemed CENVAT credit rate amended to remove specific sub-paragraph and explanations, altering textile processor credit rules.
The Central Government amends the prior notification on deemed credit for independent textile processors and composite mills by omitting a specified sub-paragraph in paragraph 2 after sub-clause (b), deleting the proviso to Explanation 3, and removing Explanation 6, thereby narrowing the textual provisions governing deemed credit under the CENVAT framework.
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