2007 (3) TMI 54

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....ellant, who is processors of fabrics on job work basis is entitled to the benefit of deemed Modvat credit in terms of Notification No. 29/96-CE (NT). The said notification allows the benefit of deemed credit in respect of dyes, chemicals, consumables etc. used in the manufacture of processed fabrics. The appellants are receiving grey fabrics from the principle manufacturer for the purpose of proce....

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.... where processed fabrics is itself used as an input for further processing. The Revenue's contention is that the appellant clears the semi-processed fabrics from their factory to second job worker and receives the processed fabrics from the second job worker, in which case it has to be held, in the light of the above explanation, that the appellants are using processed fabrics as an input for furt....