https://www.taxtmi.com/caselaws?id=98648 Under the Compounded Levy Scheme, the annual capacity of an electric furnace had to be determined on the basis of the furnace as a whole, not by excluding capacity attributable to alloy ingot production. The assessee manufactured both non-alloy ingots covered by the scheme and alloy ingots outside it, but the Tribunal held that the statutory capacity calculation was not affected by the separate treatment of alloy ingots. The Commissioner's approach, supported by the Board's circular, was upheld, and exclusion of alloy ingot production from the furnace capacity calculation was rejected. en-us Tue, 21 Aug 2001 00:00:00 +0530 Sat, 21 Jan 2012 14:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98648 Under the Compounded Levy Scheme, the annual capacity of an electric furnace had to be determined on the basis of the furnace as a whole, not by excluding capacity attributable to alloy ingot production. The assessee manufactured both non-alloy ingots covered by the scheme and alloy ingots outside it, but the Tribunal held that the statutory capacity calculation was not affected by the separate treatment of alloy ingots. The Commissioner's approach, supported by the Board's circular, was upheld, and exclusion of alloy ingot production from the furnace capacity calculation was rejected. Case-Laws Central Excise Tue, 21 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98648