2004 (5) TMI 499

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....a, DR, for the Respondent. [Order]. -  Heard both sides. 2. Appellants are a Composite Mill availing deemed Modvat credit under the provisions of Notifications 21/99 read with 29/96, 28/2000 as superseded by 7/2001 on fabrics obtained for processing and thereafter cleared by them after processing. The lower authorities initiated proceedings to deny the deemed credit. CCE (Appeal....

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.... such unprocessed fabrics. Therefore the order & this appeal. 3. Para 5 of Notification 7/2001 reads as under - "In respect of a composite mill, the provisions of this notification shall apply only to processed fabrics manufactured from unprocessed fabrics not woven in the same mill, subject to the condition that no credit has been taken in respect of the declared inputs contained in su....