https://www.taxtmi.com/caselaws?id=121212 An exclusion in a deemed Modvat credit notification for processed fabrics used as input for further processing was read strictly. Where grey fabrics were first received and only an intermediate processing stage was carried out through another job worker before completion of manufacture, the resulting semi-processed fabrics were not treated as processed fabrics within the exclusion. The benefit of deemed credit under Notification No. 29/96-CE (N.T.) therefore remained available, and denial of credit was held unsustainable. en-us Tue, 06 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 15:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121212 An exclusion in a deemed Modvat credit notification for processed fabrics used as input for further processing was read strictly. Where grey fabrics were first received and only an intermediate processing stage was carried out through another job worker before completion of manufacture, the resulting semi-processed fabrics were not treated as processed fabrics within the exclusion. The benefit of deemed credit under Notification No. 29/96-CE (N.T.) therefore remained available, and denial of credit was held unsustainable. Case-Laws Central Excise Tue, 06 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121212