9911796707
TMI BlogApplication of section 3A of the Central Excise Act, 1944 to Re-rolling Mills and Induction Furnaces - Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... to induction furnace units and letter B-31/7/97-TRU, dated 1.8.97 (Circular No. 327/43/97-CX), and to say that some changes have been made (in these schemes) as indicated below. Now, section 3A of the Central Excise Act, 1944 in respect of induction furnace units and re-rolling mills would come into force w.e.f. 1.9.97, instead of 1.8.97 as originally intimated. For the goods cleared during the month of August, 1997, duty shall be charged at the rates prescribed in Notification No. 50/97-CE, dated 1.8.97. 2. Notification Nos. 56/97-CE to 59/97-CE and 43/97- CE(NT) to 45/97-CE(NT), all dated the 30th August, 1997 have been issued to amend Notification Nos. 47/97-CE, 48/97-CE, 30/97-CE(NT), and 31/97-CE(NT), all dated 1.8.97 and Notificati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 mm, have been excluded from the purview of section 3A scheme. For value of 'w' against each slab of 'd' Notification No. 45/97-CE(NT) may kindly be seen. It may be seen that the slabs have been changed to "upto 110mm", "111 to 160mm" and so on upto "361 to 410mm". The slabs above "410mm." have been deleted thereby excluding such mills from the purview of section 3A. Such mills, that is with 'd' of size above 410 mm shall pay duty under section 3 of Central Excise Act at the rate of 15 per cent ad valorem. (c) Rule 5 has been added in the Hot Re-rolling Mills Capacity determination Rules, 1997, providing that in a case where the capacity determined as per the prescribed formula falls short of the actual production of the mill durin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a month instead of one. They can now pay duty in two equal instalments, the first instalment latest by the 15th of the month and the second instalment latest by the last day of the same month. There is no change in the amount of duty to be paid in a month. (g) For hot re-rolling mills of nominal centre distance below 161 mm. (instead of earlier 200 mm), a concessional rate of duty has been prescribed. The rate of duty will be Rs. 150/- per metric tonne vide first amended proviso to sub-rule (3) of rule 96ZP. It may also be observed that the stocks of re-rolled products lying with such mills will also be allowed to be cleared at a concessional rate of Rs. 150/- per metric tonne vide amended S.No. 3 of notification No. 50/97-Ce, dated 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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