https://www.taxtmi.com/caselaws?id=337275 Deemed credit was held admissible on grey fabrics received for processing under Chapter Heading 5207.20 because they were manufactured from duty-paid yarn and fibres that were declared inputs. The Board's circular clarified that deemed credit is available even when declared inputs are contained in the final product rather than used directly in manufacture, and that specific mention of the intermediate goods in the notification is not required. On that basis, the Revenue's objection failed and the credit remained allowable. en-us Mon, 01 Aug 2016 00:00:00 +0530 Fri, 06 Jan 2017 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337275 Deemed credit was held admissible on grey fabrics received for processing under Chapter Heading 5207.20 because they were manufactured from duty-paid yarn and fibres that were declared inputs. The Board's circular clarified that deemed credit is available even when declared inputs are contained in the final product rather than used directly in manufacture, and that specific mention of the intermediate goods in the notification is not required. On that basis, the Revenue's objection failed and the credit remained allowable. Case-Laws Central Excise Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337275