Exclusion of levies collected by Joint Plant Committee (JPC) from integrated steel plants from the assessable value of steel products under Section 4(4)(d)(ii) of the Central Excises & Salt Act, 1944

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..... roducts under Section 4(4)(d)(ii) of the Central Excises Salt Act, 1944 Circular No. 39/39/94-CX Dated 27-5-1994 [From F. No. 6/7/93-CX.1] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Exclusion of levies collected by Joint Plant Committee (JPC) from integrated steel plants from the asses .....

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..... development and modernisation of steel industry and is said to be under the control and management of SDF Managing Committee headed by Secretary (Steel) EGEAF is collected and passed on to the EEPC under the Ministry of Commerce who compensate the engineering goods exporters the difference between the domestic price and the international price of steel. The JPC Cess is collected and used by JPC .....

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