https://www.taxtmi.com/circulars?id=5688 Section 3A has been applied to hot re rolled products, requiring annual production capacity for each re rolling mill to be computed by a prescribed formula using measured parameters d, n and i plus deemed values for e, w and hours utilised; manufacturers must declare and have these parameters verified. Duty is fixed on assessed annual capacity with an option under sub rule (3) of rule 96ZP to pay a monthly lump sum equal to one twelfth of (annual capacity x prescribed factor), alternative per tonne payments at clearance, timelines for payment and interest on default. Modvat credit and small scale exemption for re rolled products are withdrawn from the operative date. en-us Fri, 25 Jul 1997 00:00:00 +0530 Fri, 13 Mar 2009 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5688 Section 3A has been applied to hot re rolled products, requiring annual production capacity for each re rolling mill to be computed by a prescribed formula using measured parameters d, n and i plus deemed values for e, w and hours utilised; manufacturers must declare and have these parameters verified. Duty is fixed on assessed annual capacity with an option under sub rule (3) of rule 96ZP to pay a monthly lump sum equal to one twelfth of (annual capacity x prescribed factor), alternative per tonne payments at clearance, timelines for payment and interest on default. Modvat credit and small scale exemption for re rolled products are withdrawn from the operative date. Circulars Central Excise Fri, 25 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5688