https://www.taxtmi.com/circulars?id=5689 The Induction Furnace Annual Capacity Determination Rules require the Commissioner to determine a factory's annual capacity for ingots and billets of non alloy steel from installed crucible capacity, with pro rata adjustments and Commissioner approval for crucible changes. Rule 96ZO offers an optional monthly lump sum duty payment based on total furnace capacity, disallowing reliefs for non operation or lower actual production; non optors must pay per tonne duty on clearances, reconcile liabilities by prescribed dates and face interest for defaults. Modvat credit is disallowed for the notified goods and lapses at the cut off. en-us Fri, 25 Jul 1997 00:00:00 +0530 Fri, 13 Mar 2009 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5689 The Induction Furnace Annual Capacity Determination Rules require the Commissioner to determine a factory's annual capacity for ingots and billets of non alloy steel from installed crucible capacity, with pro rata adjustments and Commissioner approval for crucible changes. Rule 96ZO offers an optional monthly lump sum duty payment based on total furnace capacity, disallowing reliefs for non operation or lower actual production; non optors must pay per tonne duty on clearances, reconcile liabilities by prescribed dates and face interest for defaults. Modvat credit is disallowed for the notified goods and lapses at the cut off. Circulars Central Excise Fri, 25 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5689