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

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..... ion 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 Furn .....

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