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2009 (5) TMI 302 - CESTAT, NEW DELHIDeemed credit- The appellant is an independent processor. They received grey cotton fabrics falling under Chapter 5207 and unprocessed man-made fabrics and processed the same and cleared the processed fabrics on payment of excise duty. They availed the benefit of Notification No. 6/02-C.E., dated 1-3-02 and took deemed credit while paying the duty on the finished processed fabrics cleared by them. - A careful reading of the notification reveal that it does not provide for one to one correlation of inputs and finished products mentioned therein - we hold that the appellants herein are eligible for availing the deemed credit under Notification No. 6/2002 on non-duty paid grey fabrics as duty paid yarn was present in final product even though it was not directly used therein - Consequently, both the impugned orders are set aside and all the three appeals are allowed
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