This notification fixes the rate of deemed Cenvat credit in case of Processed fabrics, fabrics of cotton or man-made fibres and woven pile fabrics

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..... n pile fabrics 29th June, 2001 Notification No. 52/2001-C.E. (N.T.) In exercise of the powers conferred by rule 11 of the CENVAT Credit Rules, 2001, the Central Government, hereby declares the following inputs (hereinafter referred to as the 'declared inputs') and final products falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), as specified in the Table belo .....

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..... clared inputs, when purchased by a manufacturer of the final products, and credit of the declared duty so deemed to have been paid shall be allowed to the manufacturer of the final products, without production of documents evidencing payment of duty on the said inputs, at the time of clearance of the said final products. 3. The credit of declared duty allowed in respect of the declared inputs sha .....

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..... ck) Rules, 1971 or claims rebate of duty under rule 18 of the Central Excise (No. 2) Rules, 2001, in respect of such duty. 4. Where the final products have been removed clandestinely without payment of duty of excise leviable under the Central Excise Act, 1944 (1 of 1944), or as the case may be, the additional duty leviable under the Additional Duties of Excise (Goods of Special Importance) Act, .....

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..... under with intent to evade payment of duty. 6. This notification shall come into effect on and from the 1st day of July, 2001. Explanation I. - It is clarified that even if the declared inputs are used directly by a manufacturer of final products the credit of the declared duty shall, notwithstanding the actual amount of duty paid on such declared inputs, be deemed to be equivalent to the amount .....

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