https://www.taxtmi.com/caselaws?id=116207 Notification No. 29/96-C.E. (N.T.) governed deemed credit by different treatment for distinct clearance categories. Stock lying on 02.06.1998 remained eligible for the rate prescribed in Para 7A(b)(ii), and the revised definition of composite mills did not justify denial of the higher deemed credit on such existing stock. Goods cleared on job work basis fell under Para 5(iii) and attracted a restricted credit rate. Goods manufactured and cleared from the factory after 02.06.1998 were entitled to credit on an actual basis under the modified notification structure. en-us Mon, 04 Apr 2005 00:00:00 +0530 Fri, 08 Jun 2012 18:14:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116207 Notification No. 29/96-C.E. (N.T.) governed deemed credit by different treatment for distinct clearance categories. Stock lying on 02.06.1998 remained eligible for the rate prescribed in Para 7A(b)(ii), and the revised definition of composite mills did not justify denial of the higher deemed credit on such existing stock. Goods cleared on job work basis fell under Para 5(iii) and attracted a restricted credit rate. Goods manufactured and cleared from the factory after 02.06.1998 were entitled to credit on an actual basis under the modified notification structure. Case-Laws Central Excise Mon, 04 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116207