Diversion of credit taken on inputs for exempted products under the North-East notifications for payment of central excise duty on other products -reg.

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..... n other products -reg. Notification Nos. 61/2002-CE and 42/2002-CE(NT) both dated 23.12.2002 have been issued to provide that: (i) the CENVAT credit of the duty paid on the inputs used in the manufacture of final products cleared after availing of the exemption under the notification numbers 32/99-CE and 33/99-CE, both dated the 8.7.1999 [referred to as 'North East notifications'] shall b .....

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..... notifications and thereby resulting in unintended benefit of higher amount of refund. Notification No. 61/2002-CE seeks to disallow such excess refund. 3. Trade may be suitably informed. 4. Receipt of this circular may be acknowledged. 5. Hindi version follows. F.No.334/198/2002-TRU - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanag .....

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