NOTIFICATION NO. 06/2002-CE(N.T.), DT. 01/03/2002 - Rate of deemed credit - independent textile processors and composite mills

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....2-CE(N.T.) DATED 27/04/2002 G.S.R. (E).- In exercise of the powers conferred by rule 11 of the CENVAT Credit Rules, 2002, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 6/2002-Central Excise (N.T.), dated the 1....

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.... or more of these processes, subject to the condition that the said final products are processed in a factory which does not have the facilities (including plant and equipment) for carrying out bleaching, dyeing or printing with the aid of power or steam,"; (ii) in paragraph 4, the words "or unprocessed fabrics" shall be omitted; (iii) after paragraph 4, the following shall be inserted, namely:-....

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....hese processes, on fabrics already subjected to bleaching, dyeing or printing or any one or more of these processes without the aid of power or steam, subject to the condition that no credit under rule 3 of the CENVAT Credit Rules, 2002, in respect of such processed fabrics is availed of by the said manufacturer."; (v) after Explanation 4, the following shall be inserted, namely:- 'Explanation 5....