2003 (9) TMI 165

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....am, Member (J)]. - The benefit of deemed credit in terms of Notification No. 7/2001 C.E., dated 1-3-2001 has been denied to the appellants herein who are engaged in the manufacture of processed pile fabrics from unprocessed pile fabrics made out of duty paid viscose yarn purchased by them and captively consumed in the manufacture of their final products viz. the processed pile fabrics on two groun....

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....ification No. 29/96 since Notification No. 7/2001 contains the expression "hereinafter referred to as the declared inputs" in the preamble thereto, is rejected as to our minds this does not in any way restrict the scope of Notification No. 7/2001. We, therefore, hold that the first ground of the denial is not sustainable. As regards the second ground of denial, since unprocessed pile fabrics is an....