2017 (1) TMI 355

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... : - the said Board’s Circular has made implicit the deeming provisions of said notification to the effect that the grey fabrics are manufactured out of duty paid yarn and that the yarn has suffered appropriate duty - the deemed credit availed by the respondent is clearly allowable - appeal dismissed - decided against Revenue. - E/33-34/2008 - A/52863-52864/2016-EX(DB) - Dated:- 1-8-2016 - Dr. S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r recovery thereof. 2. We have heard ld. DR Sh. Yogesh Agarwal for the Revenue. None appeared for the respondent. 3. We find that both authorities below have allowed the deemed credit on the basis of C.B.E. C. Circular No. 702/18/2003-CX, dated 13-3-2003 which clarifies - although grey fabrics are not included as the declared inputs in the said notification, these are made out of duty pai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X