https://www.taxtmi.com/caselaws?id=77521 Deemed credit under Notification No. 6/2002-C.E. (N.T.) is available to a non-composite mill where the declared inputs are not directly used in the final processed fabric but are contained in grey fabric used as an intermediate product. Rule 11 of the Cenvat Credit Rules, 2002 permits deemed credit when the declared inputs are contained in the final product, and the notification distinguishes between composite and non-composite mills on that basis. Grey fabric made from yarn or fibre satisfies the scheme because the final processed fabric contains those inputs; a narrower reading would make the non-composite mill entry redundant. Deemed credit is therefore correctly allowed. en-us Mon, 01 Feb 2010 00:00:00 +0530 Fri, 05 Jul 2013 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77521 Deemed credit under Notification No. 6/2002-C.E. (N.T.) is available to a non-composite mill where the declared inputs are not directly used in the final processed fabric but are contained in grey fabric used as an intermediate product. Rule 11 of the Cenvat Credit Rules, 2002 permits deemed credit when the declared inputs are contained in the final product, and the notification distinguishes between composite and non-composite mills on that basis. Grey fabric made from yarn or fibre satisfies the scheme because the final processed fabric contains those inputs; a narrower reading would make the non-composite mill entry redundant. Deemed credit is therefore correctly allowed. Case-Laws Central Excise Mon, 01 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77521