Seeks to rescind the notification prescribing rate of deemed credit in respect of textile fabrics falling under Chapter 59 of the Central Excise Tariff - 010/2002 - Central Excise - Non Tariff

Seeks to rescind the notification no. 55/2001 prescribing rate of deemed credit in respect of textile fabrics falling under Chapter 59 of the Central Excise Tariff NOTIFICATION NO.10/2002-CE(N.T.) DATED 01/03/2002 G.S.R. (E).- In exercise of the powers conferred by rule 11 of the CENVAT Credit Rules, 2002, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification No. 55/2001-Central Excise (N.T.), dated the 29th June, 2001, of the Government of India in the Ministry of Finance (Department of Revenue). [F. No. 334/1/2002-TRU] Footnote : The principal notification No. 55/2001-Central Excise (N.T.), dated the 29th June, 2001, was published in the Gazette of India vide number G.S.R. 499 (E), dated the 29th June, 2001.