Central Excise - Chapters 72 and 73 - Deemed Credit in respect of Rerollable material

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..... 3 - Deemed Credit in respect of Rerollable material. I am directed to inform you that representations have been received from some of the rerolling units manufacturing goods falling under Chapter 72 or 73 of the Central Excise Tariff and paying an effective rate of duty of Rs. 500 per metric tonne that they are not able to avail of the Modvat credit facility under Rule 57A of the Central Excise R .....

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..... de on or after 1.4.1987 may be deemed to have paid duty at the rate of Rs. 365/- per tonne, and credit of duty in respect of such ingots and rerollable materials used, without undergoing the process of melting, in the manufacture of goods falling under Chapter 72 or 73 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), may be allowed at the rate of 365/- per tonne, without product .....

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