https://www.taxtmi.com/circulars?id=499 Steel formers used in induction furnaces are an excisable commodity classifiable as hollow profiles and, being physically consumed and incorporated into ingots and billets, constitute inputs. Amendments excluding ingots and billets from the captive-consumption concession mean internally manufactured inputs consumed in producing those products do not receive the concession and are liable to excise duty; this applied to units operating under the compounded levy scheme while it was in effect. en-us Mon, 20 Jan 2003 00:00:00 +0530 Tue, 23 Sep 2008 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=499 Steel formers used in induction furnaces are an excisable commodity classifiable as hollow profiles and, being physically consumed and incorporated into ingots and billets, constitute inputs. Amendments excluding ingots and billets from the captive-consumption concession mean internally manufactured inputs consumed in producing those products do not receive the concession and are liable to excise duty; this applied to units operating under the compounded levy scheme while it was in effect. Circulars Central Excise Mon, 20 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=499