Deemed excise duty credit for rerollable steel allows credit without duty documents when used without melting. Ingots and rerollable iron or steel materials purchased from outside and held in stock with rerollers on or after 1 June 1989 may be deemed to have paid duty at a specified per tonne rate, and credit under the excise credit rule for such materials used without melting in manufacture of goods under Chapters 72 or 73 may be allowed at that rate without production of documents evidencing duty payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed excise duty credit for rerollable steel allows credit without duty documents when used without melting.
Ingots and rerollable iron or steel materials purchased from outside and held in stock with rerollers on or after 1 June 1989 may be deemed to have paid duty at a specified per tonne rate, and credit under the excise credit rule for such materials used without melting in manufacture of goods under Chapters 72 or 73 may be allowed at that rate without production of documents evidencing duty payment.
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