Excise duty on non-alloy steel ingots and billets imposed based on annual production capacity under capacity determination rules. Specification of a rate of excise duty on non-alloy steel ingots and billets produced in induction furnaces, to be calculated on the annual production capacity determined under the Induction Furnace Annual Capacity Determination Rules, 1997, applying to specified tariff sub-headings and subject to enumerated exclusions for pre-existing clearances, incidental production by casting or stainless units, composite plants with secondary refining and continuous casting (and where applicable re-rolling mills), and integrated steel plants producing from iron ore.
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Provisions expressly mentioned in the judgment/order text.
Excise duty on non-alloy steel ingots and billets imposed based on annual production capacity under capacity determination rules.
Specification of a rate of excise duty on non-alloy steel ingots and billets produced in induction furnaces, to be calculated on the annual production capacity determined under the Induction Furnace Annual Capacity Determination Rules, 1997, applying to specified tariff sub-headings and subject to enumerated exclusions for pre-existing clearances, incidental production by casting or stainless units, composite plants with secondary refining and continuous casting (and where applicable re-rolling mills), and integrated steel plants producing from iron ore.
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