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    <title>Seeks to prescribe rate of deemed credit in respect of independent textile processors and composite mills.</title>
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    <description>Prescribes a deemed CENVAT credit scheme for specified textile inputs and corresponding final fabric products, declaring particular inputs and final products eligible. Different deemed-credit rates apply to composite mills and to other manufacturers; deemed credit is allowed at clearance without production of input-duty proofs and may be utilized against excise or additional duties on final products. The notification excludes manufacturers who avail regular CENVAT credit for those inputs, restricts composite-mill applicability to fabrics processed from externally sourced unprocessed fabrics where no input credit was claimed, and disallows credit/refund where drawback or rebate is claimed or duties are evaded.</description>
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    <pubDate>Fri, 01 Mar 2002 00:00:00 +0530</pubDate>
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      <title>Seeks to prescribe rate of deemed credit in respect of independent textile processors and composite mills.</title>
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      <description>Prescribes a deemed CENVAT credit scheme for specified textile inputs and corresponding final fabric products, declaring particular inputs and final products eligible. Different deemed-credit rates apply to composite mills and to other manufacturers; deemed credit is allowed at clearance without production of input-duty proofs and may be utilized against excise or additional duties on final products. The notification excludes manufacturers who avail regular CENVAT credit for those inputs, restricts composite-mill applicability to fabrics processed from externally sourced unprocessed fabrics where no input credit was claimed, and disallows credit/refund where drawback or rebate is claimed or duties are evaded.</description>
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      <pubDate>Fri, 01 Mar 2002 00:00:00 +0530</pubDate>
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