Ingots and billets of non-alloy steel - Induction furnace - Notified goods under Section 3A of Central Excise Act, 1944 - 30/97 - Central Excise - Non Tariff

Ingots and billets of non-alloy steel - Induction furnace - Notified goods under Section 3A of Central Excise Act, 1944

Notification No. 30/97-C.E. (N.T.)

Dated 1-8-1997

In exercise of the powers conferred by sub-section (1) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government having regard to the nature of the process of manufacture or production of ingots and billets of non-alloy steel falling under sub-heading Nos. 7206.90 and 7207.90 of the Schedule to Central Excise Tariff Act, 1985 (5 of 1986), manufactured or produced in an induction furnace (hereinafter referred to as such goods), the extent of evasion of duty in regard to such goods and on being satisfied that it is necessary to safeguard the interest of revenue, hereby specifies such goods as notified goods, on which there shall be levied and collected duty of excise in accordance with the provisions of the said section 3A.

Explanation. - Nothing contained in this notification shall apply to, -

(a) any of the notified goods manufactured or produced prior to the 1st day of August, 1997 and cleared on or after that date;

(b) an induction furnace unit which ordinarily produces castings or stainless steel products but may also incidentally produce non-alloy steel ingots and billets;

(c) a composite plant consisting of induction furnace with secondary refining facility and possessing continues casting facility, within the same premises;

(d) a composite plant consisting of induction furnace with secondary refining facility, continues casting facility and re-rolling mill, within the same premises;

(e) an integrated steel plant which manufactures or produces ingots or billets and rolled products, starting from the stage of iron ore, within the same premises.