Duty liability for non-alloy steel: new per-tonne payment regime, lapse of credits, and prescribed payment and abatement procedures. The amendment prescribes levy and collection procedures under section 3A for non-alloy steel ingots, billets and hot re-rolled products, inserts related entries in rules 57F and 57Q, and creates section E-XI establishing per-tonne debit requirements at clearance, annual and interim payment calculations tied to capacity determinations, adjustment of on-account payments, an 18% per annum interest on outstanding sums, conditions for abatement during closures, optional lump-sum or monthly discharge schemes with pro rata adjustments, and a retrospective preamble change referencing section 3A read with section 37.
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Duty liability for non-alloy steel: new per-tonne payment regime, lapse of credits, and prescribed payment and abatement procedures.
The amendment prescribes levy and collection procedures under section 3A for non-alloy steel ingots, billets and hot re-rolled products, inserts related entries in rules 57F and 57Q, and creates section E-XI establishing per-tonne debit requirements at clearance, annual and interim payment calculations tied to capacity determinations, adjustment of on-account payments, an 18% per annum interest on outstanding sums, conditions for abatement during closures, optional lump-sum or monthly discharge schemes with pro rata adjustments, and a retrospective preamble change referencing section 3A read with section 37.
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