2017 (2) TMI 531

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.... Krishna Agarwal, learned Counsel for the department and Sri A.P.Mathur, learned Counsel for the assessee. This is an appeal under Section 35G of the Central Excise Act, 1944 against an order passed in appeal by the customs and central excise authority dated 16.09.2004. The question of law referred to is hereunder:- "Whether deemed credit is admissible on inputs 'Grey Fabrics' though Gr....

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....T. 402 (Del.) wherein this very question had been sought to be answered and the Delhi High Court has come to the conclusion that the processed fabrics are the final products containing yarn/fabric and, therefore, it fulfils the requirements of Rule 11 of Cenvat Credit Rules, 2002. For ready reference Rule 11 of the Cenvat Credit Rules, 2002 is quoted hereunder:- "11. Power of Central Government ....