Iron and Steel - Goods notified for purposes of credit of duty under Modvat - 26/97 - Central Excise - Non Tariff

Iron and Steel - Goods notified for purposes of credit of duty under Modvat

Notification No. 26/97-C.E. (N.T.)

Dated 25-7-1997

In exercise of the powers conferred by rule 57A of the Central Excise Rules, 1944 (1 of 1944), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 5/94-Central Excise (N.T.), dated the 1st March, 1994, namely :-

In the Table annexed to the said notification, against S. No. 1, -

(a) in column (2), after item (iv) and the entries relating thereto, the following items and entries shall be added, namely :-

"(v) ingots and billets of non-alloy steel calssifiable under heading Nos. 7206.90 and 7207.90 of the Schedule to the said Act, on which the duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944);

(vi) hot re-rolled products of non-alloy steel classifiable under heading Nos. 7211.19, 7211.59, 7211.60, 7211.99, 7214.90, 7215.90, 7216.10 and 7216.90 of the Schedule to the said Act on which the duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944).";

(b) in column (3), after item (iv) and the entries relating thereto, the following items and entries shall be added, namely :-

"(v) ingots and billets of non-alloy steel calssifiable under heading Nos. 7206.90 and 7207.90 of the Schedule to the said Act, on which the duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944);

(vi) hot re-rolled products of non-alloy steel classifiable under heading Nos. 7211.19, 7211.59, 7211.60, 7211.99, 7214.90, 7215.90, 7216.10 and 7216.90 of the Schedule to the said Act on which the duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944).".

2. This notification shall come into force on the 1st day of August, 1997.