https://www.taxtmi.com/caselaws?id=326995 The Appellate Tribunal CESTAT Ahmedabad ruled in a case involving the interpretation of Notification No. 35/2003-CE (NT) that grey fabric, even when held by a dealer, retains its status as an input if directly purchased by a processor from the manufacturer. The Tribunal held that the dealer was entitled to avail CENVAT credit under Serial No. 1(c) of the Notification, rejecting the Revenue's contention that credit should have been availed under Serial No. 2(b) for finished goods. The Tribunal allowed the appeals, setting aside the demand for CENVAT credit, interest, and penalties imposed on the company and its Director. en-us Tue, 08 Dec 2015 00:00:00 +0530 Sat, 30 Apr 2016 11:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326995 The Appellate Tribunal CESTAT Ahmedabad ruled in a case involving the interpretation of Notification No. 35/2003-CE (NT) that grey fabric, even when held by a dealer, retains its status as an input if directly purchased by a processor from the manufacturer. The Tribunal held that the dealer was entitled to avail CENVAT credit under Serial No. 1(c) of the Notification, rejecting the Revenue's contention that credit should have been availed under Serial No. 2(b) for finished goods. The Tribunal allowed the appeals, setting aside the demand for CENVAT credit, interest, and penalties imposed on the company and its Director. Case-Laws Central Excise Tue, 08 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326995