https://www.taxtmi.com/caselaws?id=126485 Rule 9A(3)(a) of the Cenvat Credit Rules, 2002 governs deemed credit for each input lying in stock or under process, using the notified method based on average price, duty rate and declared quantity. Rule 9A(3)(b) applies only to inputs contained in fabrics or garments lying in stock as on 31-3-2003, and cannot be extended to unprocessed or partly processed inputs. Notification No. 35/03-C.E. (N.T.) dated 10-4-2003 was issued under Rule 9A(3), but the relevant class of goods determines which sub-rule controls the credit computation. en-us Fri, 19 Jun 2009 00:00:00 +0530 Wed, 21 Nov 2012 14:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126485 Rule 9A(3)(a) of the Cenvat Credit Rules, 2002 governs deemed credit for each input lying in stock or under process, using the notified method based on average price, duty rate and declared quantity. Rule 9A(3)(b) applies only to inputs contained in fabrics or garments lying in stock as on 31-3-2003, and cannot be extended to unprocessed or partly processed inputs. Notification No. 35/03-C.E. (N.T.) dated 10-4-2003 was issued under Rule 9A(3), but the relevant class of goods determines which sub-rule controls the credit computation. Case-Laws Central Excise Fri, 19 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126485