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    <title>Deemed Credit</title>
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    <description>The Central Government may, by notification, declare specified inputs or input services as having duties deemed to have been paid at a prescribed rate and allow CENVAT credit thereon under stated manner and conditions, including where the declared input or input service is not used directly by the manufacturer or service provider but is contained in the final product or used in providing the output service; this mechanism provides relief to recipients of goods or services lacking proper duty documents by permitting credit equal to the prescribed rate irrespective of actual duty paid, though presently no deemed credits are available.</description>
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      <title>Deemed Credit</title>
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      <description>The Central Government may, by notification, declare specified inputs or input services as having duties deemed to have been paid at a prescribed rate and allow CENVAT credit thereon under stated manner and conditions, including where the declared input or input service is not used directly by the manufacturer or service provider but is contained in the final product or used in providing the output service; this mechanism provides relief to recipients of goods or services lacking proper duty documents by permitting credit equal to the prescribed rate irrespective of actual duty paid, though presently no deemed credits are available.</description>
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      <law>Cenvat Credit</law>
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