https://www.taxtmi.com/caselaws?id=340088 Deemed Cenvat credit was held admissible on stock of processed fabrics manufactured before 1-5-2001 and cleared thereafter on ad valorem duty. The amended paragraph 4A in Notification No. 7/2001-C.E. (N.T.) applied only where the manufacturer followed the special procedure under Rule 96ZNA and paid duty under Rule 96ZNC; that condition was not met here. Rule 96ZNB(7)(a) did not bar the credit on these facts, because the goods were not cleared under the special procedure. The demand, penalty and consequential interest were therefore not sustainable. en-us Fri, 10 Feb 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340088 Deemed Cenvat credit was held admissible on stock of processed fabrics manufactured before 1-5-2001 and cleared thereafter on ad valorem duty. The amended paragraph 4A in Notification No. 7/2001-C.E. (N.T.) applied only where the manufacturer followed the special procedure under Rule 96ZNA and paid duty under Rule 96ZNC; that condition was not met here. Rule 96ZNB(7)(a) did not bar the credit on these facts, because the goods were not cleared under the special procedure. The demand, penalty and consequential interest were therefore not sustainable. Case-Laws Central Excise Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340088