https://www.taxtmi.com/caselaws?id=120355 Rule 9A of the Cenvat Credit Rules, 2002 for transitional processed fabrics requires one-time credit to be computed on the average price of inputs and the applicable duty rate. The declaration of stock value under sub-rule (2) serves to record the description, quantity and value of stock, but it does not permit addition of processing charges when calculating credit. On that basis, excess credit based on processing charges was not justified, and waiver of pre-deposit and stay of recovery were refused. en-us Wed, 22 Nov 2006 00:00:00 +0530 Wed, 18 Jul 2012 16:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120355 Rule 9A of the Cenvat Credit Rules, 2002 for transitional processed fabrics requires one-time credit to be computed on the average price of inputs and the applicable duty rate. The declaration of stock value under sub-rule (2) serves to record the description, quantity and value of stock, but it does not permit addition of processing charges when calculating credit. On that basis, excess credit based on processing charges was not justified, and waiver of pre-deposit and stay of recovery were refused. Case-Laws Central Excise Wed, 22 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120355