Excise duty on hot re-rolled steel set on production capacity basis, with specified plant and pre-existing stock exemptions. The notification prescribes an excise duty on hot re-rolled products of non-alloy steel levied on the basis of annual production capacity determined under the Hot Re-rolling Mills Annual Capacity Determination Rules, 1997, at Rs. 400 per metric tonne, and excludes pre-1 August 1997 manufacture cleared thereafter, specified composite plants combining induction furnace and re-rolling facilities, and integrated steel plants producing from iron ore within the same premises.
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Provisions expressly mentioned in the judgment/order text.
Excise duty on hot re-rolled steel set on production capacity basis, with specified plant and pre-existing stock exemptions.
The notification prescribes an excise duty on hot re-rolled products of non-alloy steel levied on the basis of annual production capacity determined under the Hot Re-rolling Mills Annual Capacity Determination Rules, 1997, at Rs. 400 per metric tonne, and excludes pre-1 August 1997 manufacture cleared thereafter, specified composite plants combining induction furnace and re-rolling facilities, and integrated steel plants producing from iron ore within the same premises.
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