https://www.taxtmi.com/caselaws?id=108773 Deemed credit could not be denied on the basis of wilful suppression where the assessee had disclosed its manufacturing activity and its position that it was not an independent processor. The department was already aware of the relevant facts, including production of knitted fabric and the change in duty-payment basis, so suppression was not established. Once that foundation failed, the denial of deemed credit also failed. The issue was decided in favour of the assessee. en-us Wed, 11 Dec 2002 00:00:00 +0530 Tue, 03 Apr 2012 17:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108773 Deemed credit could not be denied on the basis of wilful suppression where the assessee had disclosed its manufacturing activity and its position that it was not an independent processor. The department was already aware of the relevant facts, including production of knitted fabric and the change in duty-payment basis, so suppression was not established. Once that foundation failed, the denial of deemed credit also failed. The issue was decided in favour of the assessee. Case-Laws Central Excise Wed, 11 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108773