https://www.taxtmi.com/caselaws?id=125207 Notification No. 58/97-C.E. provided deemed credit at 12% for hot rolled non-alloy steel products, subject to compliance with its conditions, including receipt of duty-paid inputs under the prescribed cover. Where the manufacturer made strips from billets, paid duty on the strips, and used them captively in the manufacture of pipes and tubes, the notification conditions were treated as satisfied because duty payment on the strips was undisputed and the goods were used within the same manufacturing process. The respondent was therefore entitled to deemed credit under the notification, and the Revenue's challenge failed. en-us Thu, 16 Oct 2008 00:00:00 +0530 Sat, 20 Oct 2012 15:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125207 Notification No. 58/97-C.E. provided deemed credit at 12% for hot rolled non-alloy steel products, subject to compliance with its conditions, including receipt of duty-paid inputs under the prescribed cover. Where the manufacturer made strips from billets, paid duty on the strips, and used them captively in the manufacture of pipes and tubes, the notification conditions were treated as satisfied because duty payment on the strips was undisputed and the goods were used within the same manufacturing process. The respondent was therefore entitled to deemed credit under the notification, and the Revenue's challenge failed. Case-Laws Central Excise Thu, 16 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125207