https://www.taxtmi.com/caselaws?id=118420 Exemption under Notification No. 14/2002 was treated as available where yarn duty was paid at the fabrics stage with reversal of Cenvat credit, instead of at the spindle stage, because the assessee faced practical difficulty in identifying yarn consumption for fabrics cleared for export and home consumption. The validated trade notice permitting fabrics-stage payment was held to remain effective under the Central Excise Rules, 2001 and 2002. Reversal of Modvat/Cenvat credit was treated as equivalent to non-availment of credit for exemption purposes, and the demand for differential duty was not sustainable. en-us Thu, 06 Jul 2006 00:00:00 +0530 Sat, 30 Jun 2012 15:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118420 Exemption under Notification No. 14/2002 was treated as available where yarn duty was paid at the fabrics stage with reversal of Cenvat credit, instead of at the spindle stage, because the assessee faced practical difficulty in identifying yarn consumption for fabrics cleared for export and home consumption. The validated trade notice permitting fabrics-stage payment was held to remain effective under the Central Excise Rules, 2001 and 2002. Reversal of Modvat/Cenvat credit was treated as equivalent to non-availment of credit for exemption purposes, and the demand for differential duty was not sustainable. Case-Laws Central Excise Thu, 06 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118420