https://www.taxtmi.com/caselaws?id=1503 Deemed Modvat credit under Notification No. 29/96-CE (NT) remained available to a fabric processor on job work, because grey fabrics were first received and only an intermediate processing stage was outsourced before completion. Explanation II, which excluded cases where processed fabrics were used as an input for further processing, was held not to apply where the fabrics were not received as fully processed goods within the exclusion. The denial of the notification benefit was therefore unsustainable, and the assessee was entitled to deemed credit. en-us Tue, 06 Mar 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1503 Deemed Modvat credit under Notification No. 29/96-CE (NT) remained available to a fabric processor on job work, because grey fabrics were first received and only an intermediate processing stage was outsourced before completion. Explanation II, which excluded cases where processed fabrics were used as an input for further processing, was held not to apply where the fabrics were not received as fully processed goods within the exclusion. The denial of the notification benefit was therefore unsustainable, and the assessee was entitled to deemed credit. Case-Laws Central Excise Tue, 06 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1503