https://www.taxtmi.com/caselaws?id=54328 Under Notification No. 6/2002-C.E. (N.T.) read with Rule 11 of the Cenvat Credit Rules, deemed credit was available where declared inputs such as yarn or fibres were contained in the processed final product, even if the intermediate fabrics were not separately listed as inputs. The scheme treated deemed credit as a substitute for duty paid on textile inputs, and a restrictive reading that excluded processors of grey cotton and man-made fabrics would undermine the notification's purpose and render it partly redundant. On that construction, denial of deemed credit was unsustainable. en-us Mon, 11 Apr 2005 00:00:00 +0530 Wed, 08 May 2024 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54328 Under Notification No. 6/2002-C.E. (N.T.) read with Rule 11 of the Cenvat Credit Rules, deemed credit was available where declared inputs such as yarn or fibres were contained in the processed final product, even if the intermediate fabrics were not separately listed as inputs. The scheme treated deemed credit as a substitute for duty paid on textile inputs, and a restrictive reading that excluded processors of grey cotton and man-made fabrics would undermine the notification's purpose and render it partly redundant. On that construction, denial of deemed credit was unsustainable. Case-Laws Central Excise Mon, 11 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54328