TMI Blog2007 (1) TMI 557X X X X Extracts X X X X X X X X Extracts X X X X ..... Department. ORDER All the three appeals, two filed by the assessees and one by the Revenue are being disposed of by a common order, as the issue involved is identical. 2. The question for decision in the present appeal is whether the appellants are entitled to avail the deemed credit on the man fabrics manufactured prior to 1-5-2001 but cleared thereafter in view of the fact that the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cleared on or after said duty (sic). As such, the stock of fabrics available on the night of 3-4-2001/1-5-2001 was cleared by the appellants on payment of ad valorem duty, in which case they were entitled to utilize the credit earned on the inputs used in the manufacture of such fabrics. Notification was amended with effect from 1-5-2001 applied only prospectively in respect of those fabrics wh ..... X X X X Extracts X X X X X X X X Extracts X X X X
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