https://www.taxtmi.com/circulars?id=5683 Application of section 3A to induction furnaces and hot re rolling mills is postponed to 1 September 1997; August clearances are charged per Notification No.50/97 CE. Amendments redefine 'd' and 'i' factors, revise 'w' slabs limiting coverage to mills with nominal centre distance up to 410 mm (larger mills to pay ad valorem duty), add a rule deeming annual capacity to be the higher of formula result or 1996-97 production, allow duty abatement for prolonged closures with verification, permit two instalment payments, extend concessional per tonne duty to mills below 161 mm, grant deemed modvat credit of 12% to direct downstream purchasers paid by cheque, and disallow job work and captive exemption for section 3A units. en-us Sat, 30 Aug 1997 00:00:00 +0530 Fri, 13 Mar 2009 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5683 Application of section 3A to induction furnaces and hot re rolling mills is postponed to 1 September 1997; August clearances are charged per Notification No.50/97 CE. Amendments redefine 'd' and 'i' factors, revise 'w' slabs limiting coverage to mills with nominal centre distance up to 410 mm (larger mills to pay ad valorem duty), add a rule deeming annual capacity to be the higher of formula result or 1996-97 production, allow duty abatement for prolonged closures with verification, permit two instalment payments, extend concessional per tonne duty to mills below 161 mm, grant deemed modvat credit of 12% to direct downstream purchasers paid by cheque, and disallow job work and captive exemption for section 3A units. Circulars Central Excise Sat, 30 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5683