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    <title>2006 (2) TMI 550 - CESTAT, NEW DELHI</title>
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    <description>Deemed credit under Notification No. 58/97 was available to buyers of inputs received from manufacturers operating under the compounded levy scheme. Where the suppliers&#039; coverage under that scheme was not in dispute, the recipients were not required to prove, by separate evidence, that the exact duty had been paid in the prescribed manner. Objections based only on invoice declarations and the absence of proof of precise duty particulars were insufficient to deny the credit. The operative effect was that deemed credit remained available to the buyers despite those documentary objections.</description>
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      <link>https://www.taxtmi.com/caselaws?id=119419</link>
      <description>Deemed credit under Notification No. 58/97 was available to buyers of inputs received from manufacturers operating under the compounded levy scheme. Where the suppliers&#039; coverage under that scheme was not in dispute, the recipients were not required to prove, by separate evidence, that the exact duty had been paid in the prescribed manner. Objections based only on invoice declarations and the absence of proof of precise duty particulars were insufficient to deny the credit. The operative effect was that deemed credit remained available to the buyers despite those documentary objections.</description>
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      <pubDate>Tue, 14 Feb 2006 00:00:00 +0530</pubDate>
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