2005 (6) TMI 376

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..... per : S.S. Sekhon, Member (T)]. The appellants were determining the valuation of the fabrics processed as per the decision in Ujagar Prints case by the Supreme Court. They availed deemed credit benefit under Notification 29/96-C.E. (N.T.), dated 3-9-96 to the extent of 40% of the duty payable on cotton fabrics and 50% on MMF. In effect, the total duty discharged on the fabrics comprised of .....

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..... . The document prepared would be considered to be effective 100% duty paid (even if 40% or 50% is from deemed credit and remainder 60% or 50% from PLA) the buyer would be eligible to credit by 100% of the amount as shown. Notification 29/96-C.E. (N.T.) does not reduce the effective rate of duty. 2.2 When the document showing duty discharge read with notification No. 29/96-C.E. (N.T.) to be the .....

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