2006 (12) TMI 436

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....or the Respondent. [Order]. - The issue involved in this appeal is regarding applicability of time-bar in respect of refund of deemed credit allowed under the provisions of Notification No. 29/96 dated 3-9-96. The appellants in this case are engaged in the manufacture of processed fabric and were availing deemed credit in respect of grey fabric used by them. Since they were exporting the pro....

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....clared duty in respect of inputs used in the final products cleared for export under bond shall be allowed to be utilized towards payment of duty of excise on any final products cleared for home consumption or for export on payment of duty and, where for any reason, such adjustment is not possible, by refund to the manufacturer subject to such safeguards, conditions and limitations as may be speci....