2008 (4) TMI 586

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....i Atul Gupta, C.S., for the Respondent. [Order]. - The Respondents are engaged in the manufacture of Man-made fabrics and exported the same. They filed refund claim in respect of Deemed Credit, lying unutilized, taken on the inputs used in the manufacture of goods exported under Bond. The Dy. Commissioner sanctioned the refund claim. Revenue filed appeal before the Commissioner (Appeals), wh....

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....ere incorporated in the Rules. I find that yarn, dyes and chemicals have been declared as inputs in the notifications No. 53/01 dated 29-06-01 & 6/02 dated 1-3-2003 and cotton fabrics have been declared as final products in the said notification. Though the yarn was not directly used by the processors for processing of final products, the same was contained in the grey fabric used in the processin....