https://www.taxtmi.com/circulars?id=509 Deemed credit may be availed alongside revised excise rates, with the deemed credit percentage applied to the duty rate actually paid under the new notification. Deemed credit rates were not reduced despite yarn duty cuts. Additionally, credit of additional duty (GSI) accrued prior to the budget change may be used for payment of CENVAT duty as well as for AED(GSI), reflecting amendments to CENVAT rules and the altered revenue-distribution regime. en-us Thu, 06 Mar 2003 00:00:00 +0530 Tue, 23 Sep 2008 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=509 Deemed credit may be availed alongside revised excise rates, with the deemed credit percentage applied to the duty rate actually paid under the new notification. Deemed credit rates were not reduced despite yarn duty cuts. Additionally, credit of additional duty (GSI) accrued prior to the budget change may be used for payment of CENVAT duty as well as for AED(GSI), reflecting amendments to CENVAT rules and the altered revenue-distribution regime. Circulars Central Excise Thu, 06 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=509