https://www.taxtmi.com/caselaws?id=124124 Processed fabrics made from partially processed fabric inputs could qualify for deemed credit under Notification No. 29/96-C.E. (N.T.) when the inputs had suffered actual duty and were later cleared after final processing on payment of duty. The notification barred deemed credit only where Rule 57A(1) credit had been taken, except for processed fabrics received as input; read with the trade notice and Board clarification, this preserved actual duty-paid credit on partially processed fabrics while allowing deemed credit on the processed fabrics cleared. Denial of the benefit was therefore unsustainable, and the assessee was entitled to the claimed credit. en-us Fri, 11 Jul 2008 00:00:00 +0530 Tue, 25 Sep 2012 17:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124124 Processed fabrics made from partially processed fabric inputs could qualify for deemed credit under Notification No. 29/96-C.E. (N.T.) when the inputs had suffered actual duty and were later cleared after final processing on payment of duty. The notification barred deemed credit only where Rule 57A(1) credit had been taken, except for processed fabrics received as input; read with the trade notice and Board clarification, this preserved actual duty-paid credit on partially processed fabrics while allowing deemed credit on the processed fabrics cleared. Denial of the benefit was therefore unsustainable, and the assessee was entitled to the claimed credit. Case-Laws Central Excise Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124124