Induction furnace - Hot re-rolled products of non-alloy steel - Duty exemption - 50/97 - Central Excise - Tariff

Induction furnace - Hot re-rolled products of non-alloy steel - Duty exemption

Notification No. 50/97-C.E.

Dated 1-8-1997

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below and falling within the sub-heading Nos. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) specified in the corresponding entry in column (2) of the said Table, from so much of the duty of excise leviable thereon which is specified in the said Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) the said Table :

Provided that the exemption contained in this notification shall apply only to the goods manufactured or produced prior to the 1st day of August, 1997 and cleared on or after that date from an induction furnace unit, or as the case may be, a hot re-rolling mill.

TABLE

S. No.	Sub-heading No.	Description of goods	Rate of duty
(1)	(2)	(3)	(4)
1.	7206.90 and 7207.90	Ingots and billets of non-alloy steel manufactured or produced in an induction furnace unit	Rs. 600/- per metric tonne
2.	7211.11, 7211.19, 7211.30, 7211.52, 7211.59, 7211.60, 7211.92, 7211.99, 7213.90, 7214.90, 7215.90, 7216.10 and7216.90	Hot re-rolled products of non-alloy steel manufactured or pro-duced in a hot re-rolling mill	Rs. 300/- per metric tonne
3.	7211.11, 7211.19, 7211.30, 7211.52, 7211.59, 7211.60, 7211.92, 7211.99, 7213.90, 7214.90, 7215.90, 7216.10 and7216.90	Hot re-rolled products of non-alloy steel manufactured or pro-duced in a hot re-rolling mill in which the nominal diametre on the last stand does not exceed 200 millimetres	Rs. 150/- per metric tonne

Explanation. -Nominal diameter of a finishing mill means the distance between pinion centres of the last rolling stand.