This notification fixes the rate of deemed Cenvat credit in respect of all goods falling under Chapter 59 of the said First Schedule

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....e This Notification has been rescinded vide Notification No. 10/2002 CE(NT) dated 1/3/2002 29th June, 2001 Notification No. 55/2001-Central Excise (N.T.)             In exercise of the powers conferred by rule 11 of the CENVAT Credit Rules, 2001, the Central government hereby declares the following inputs and the final products fal....

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....clares that the duties of excise under the Central Excise Act, 1944 (1 of 1944) and the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), shall be deemed to have been paid (hereinafter referred to as deemed duty) on the inputs declared herein and the same shall be one rupee each per square meter of such inputs, and credit of the deemed duty so determined shall be al....