Clarification regarding credit taken on inputs used in the manufacture of textile articles cleared under notification No.14/2002-CE or notification No. 30/2004-CE

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.... No. 858/16/2007-CX F.No.267/01/2006-CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *** New Delhi dated the 8th November, 2007 To The Chief Commissioners of Central Excise (All) The Commissioners of Central Excise (All) The Director Generals of Custom and Central Excise (All) Subject: Clarification regarding Circular No. 845/....

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....above- referred Supreme Court decision, it has been held that even when credit is taken, if the entry is reversed before utilization, it would amount to not taking credit. Accordingly, it has been ruled that in such cases, the benefit of the notification cannot be denied. This judgment is given in the context of erstwhile notification No.14/2002-CE, which is similar to notification No. 30/2004-CE ....