https://www.taxtmi.com/caselaws?id=122700 Deemed credit under Notification No. 6/2002-C.E. (N.T.) was examined in relation to grey fabrics bought from the market and used in exported goods. The text states that departmental circulars treated deemed credit as neutralising the duty incidence on inputs embedded in the fabrics, including yarn, chemicals, dyes and packing materials. On that basis, the benefit was not to be denied merely because the grey fabrics themselves were not dutiable during the relevant period or were not expressly named as eligible inputs. The refund of unutilized credit was therefore held allowable, and the denial of refund was set aside with consequential relief. en-us Fri, 27 Jul 2007 00:00:00 +0530 Thu, 16 Aug 2012 16:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122700 Deemed credit under Notification No. 6/2002-C.E. (N.T.) was examined in relation to grey fabrics bought from the market and used in exported goods. The text states that departmental circulars treated deemed credit as neutralising the duty incidence on inputs embedded in the fabrics, including yarn, chemicals, dyes and packing materials. On that basis, the benefit was not to be denied merely because the grey fabrics themselves were not dutiable during the relevant period or were not expressly named as eligible inputs. The refund of unutilized credit was therefore held allowable, and the denial of refund was set aside with consequential relief. Case-Laws Central Excise Fri, 27 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122700