Ingots and billets (induction furnace) - Duty on the basis of production capacity - 47/97 - Central Excise - Tariff

Ingots and billets (induction furnace) - Duty on the basis of production capacity

Notification No. 47/97-C.E.

Dated 1-8-1997

In exercise of the powers conferred by sub-section (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby specifies that the rate of excise duty on ingots and billets of non-alloy steel, falling under sub-heading Nos. 7206.90 and 7207.90 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) shall be Rs. 750/- per metric tonne calculated on the annual capacity of production determined under the Induction Furnace Annual Capacity Determination Rules, 1997.

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

(a) any of the aforesaid goods manufactured or produced prior to the 1st day of August, 1997 and cleared on or after the 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.