https://www.taxtmi.com/caselaws?id=123913 Credit availed on inputs used in intermediate processed fabric was treated as revenue neutral because it was exactly equivalent to the excise duty paid by not claiming exemption. The credit was used to discharge duty on bleached fabrics falling under Chapter 52, a specified final product for deemed credit purposes, and was not used for the final product falling under Chapter 59. The later classification of the final product in a different chapter did not, by itself, affect availability of deemed credit or sustain the demand and penalty. The appeal was allowed. en-us Fri, 11 Apr 2008 00:00:00 +0530 Fri, 21 Sep 2012 18:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123913 Credit availed on inputs used in intermediate processed fabric was treated as revenue neutral because it was exactly equivalent to the excise duty paid by not claiming exemption. The credit was used to discharge duty on bleached fabrics falling under Chapter 52, a specified final product for deemed credit purposes, and was not used for the final product falling under Chapter 59. The later classification of the final product in a different chapter did not, by itself, affect availability of deemed credit or sustain the demand and penalty. The appeal was allowed. Case-Laws Central Excise Fri, 11 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123913