https://www.taxtmi.com/caselaws?id=123661 Deemed credit is available on grey fabrics and other declared inputs used in processing exempt fabrics exported under bond where those inputs are contained in the final product, even if they are not directly used by the manufacturer. The scheme is intended to address the absence of actual duty credit on exempt goods, and the relevant notifications treat yarn, dyes, chemicals and cotton fabrics as covered inputs and final products. On that reasoning, the absence of a separate declaration for grey fabrics did not defeat eligibility when the underlying inputs were embedded in the processed fabrics. The refund sanctioned by the lower authority was therefore upheld and the Revenue challenge failed. en-us Wed, 09 Apr 2008 00:00:00 +0530 Thu, 07 Sep 2017 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123661 Deemed credit is available on grey fabrics and other declared inputs used in processing exempt fabrics exported under bond where those inputs are contained in the final product, even if they are not directly used by the manufacturer. The scheme is intended to address the absence of actual duty credit on exempt goods, and the relevant notifications treat yarn, dyes, chemicals and cotton fabrics as covered inputs and final products. On that reasoning, the absence of a separate declaration for grey fabrics did not defeat eligibility when the underlying inputs were embedded in the processed fabrics. The refund sanctioned by the lower authority was therefore upheld and the Revenue challenge failed. Case-Laws Central Excise Wed, 09 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123661