Rescission of deemed CENVAT credit rate for textile fabrics; the prior notification prescribing that rate has been revoked. The Central Government, invoking rule 11 of the CENVAT Credit Rules, 2002, rescinds Notification No. 55/2001-Central Excise (N.T.) dated 29th June 2001 insofar as it prescribed the rate of deemed CENVAT credit for textile fabrics under the relevant tariff classification, the action being taken as necessary in the public interest.