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of <h1>New Guidelines for Managing Iron and Steel Stock Variations: Register Maintenance and Annual Reporting Required by Steel Plants.</h1> The circular addresses the procedure for managing excesses and shortages of iron and steel products at stockyards or depots of integrated steel plants and their consignment agents. It acknowledges variations in product weight due to mill-scale tolerances and mix-ups. Stockyards must maintain special registers for each product and submit annual statements of excesses or shortages to the jurisdictional excise authorities. Excess quantities require excise duty payment, while shortages are carried forward without refund claims. The procedure ensures accurate accounting and duty liability determination, with any difficulties to be reported to the Board for resolution.
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