https://www.taxtmi.com/caselaws?id=201868 Grey fabrics held by a dealer could still qualify as "input" for transitional credit, because their character as input for the processor was not changed by the dealer's interposition. The notification governing transitional credit was read as covering stock with traders as well as stock lying with processors, and the absence of a declaration of stock under Rule 9(A) did not defeat credit on these facts. The Tribunal's view was upheld, and the challenge to the credit grant failed. en-us Thu, 19 Feb 2009 00:00:00 +0530 Wed, 12 Jan 2011 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201868 Grey fabrics held by a dealer could still qualify as "input" for transitional credit, because their character as input for the processor was not changed by the dealer's interposition. The notification governing transitional credit was read as covering stock with traders as well as stock lying with processors, and the absence of a declaration of stock under Rule 9(A) did not defeat credit on these facts. The Tribunal's view was upheld, and the challenge to the credit grant failed. Case-Laws Central Excise Thu, 19 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201868