https://www.taxtmi.com/caselaws?id=3978 Grey fabrics held as inputs, not finished goods, were eligible for deemed credit under Notification No. 35/2003-C.E. (N.T.) when the prescribed declaration was filed. Notification No. 6/2002-C.E. (N.T.) was treated as governing finished goods lying in stock, whereas credit on inputs contained in fabrics had to be considered under the provision applicable to such inputs. The clarification issued by the Government was read as supporting credit on inputs and on inputs contained in finished goods in stock. On that basis, the benefit under Notification No. 35/2003-C.E. (N.T.) was correctly allowed. en-us Tue, 13 Nov 2007 00:00:00 +0530 Wed, 14 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3978 Grey fabrics held as inputs, not finished goods, were eligible for deemed credit under Notification No. 35/2003-C.E. (N.T.) when the prescribed declaration was filed. Notification No. 6/2002-C.E. (N.T.) was treated as governing finished goods lying in stock, whereas credit on inputs contained in fabrics had to be considered under the provision applicable to such inputs. The clarification issued by the Government was read as supporting credit on inputs and on inputs contained in finished goods in stock. On that basis, the benefit under Notification No. 35/2003-C.E. (N.T.) was correctly allowed. Case-Laws Central Excise Tue, 13 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3978