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of <h1>Amendments to Section 3A of Central Excise Act: New Rules for Re-Rolling Mills and Induction Furnaces from Sept 1997.</h1> The circular addresses amendments to the application of section 3A of the Central Excise Act, 1944, concerning re-rolling mills and induction furnaces, effective from September 1, 1997. It details modifications in definitions and factors affecting capacity determination, duty payment schedules, and concessional duty rates for specific mill sizes. Induction furnace units are permitted to pay duty in two installments, and deemed Modvat credit is introduced for downstream manufacturers. The circular also disallows 'Job-Work' and 'Captive Exemption' for units under section 3A, with notifications issued to amend previous regulations. The changes aim to streamline duty assessments and collections.
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