AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Application of S. 3.A of the Central Excise Act, 1944 to Re Rolling Mills and Induction Furnaces
X X X X Extracts X X X X
X X X X Extracts X X X X
....o Re Rolling Mills and Induction Furnaces I am directed to refer to the Ministry's letters of even no. dated the 25th July, 1997 (Circular No. 326/42/97-CX) relating to application of section 3A of the Central Excise Act, 1944, to re-rolling mills and letter F.No. B-31/4/97-TRU, dated the 25th July, 1997 (Circular No. 325/41/97-CX) relating to induction furnace units and to say that some change....
X X X X Extracts X X X X
X X X X Extracts X X X X
....for low speed mills and to 0.75 for high speed mills. (b) High speed mills and the low speed mills have been defined on the basis of speed of re-rolling mill, the cut off point being a speed of 8.5 meters per second. (c) the value of 'w' has been modified for diametre size below 200 mm, and three new slabs, namely, "below 100 mm", "100 to below 150 mm." and "150 to below 200 mm". h....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s lying with the mills as on 1.8.97 will be charged to duty at a specific rate of Rs. 300 per metric tonne. Stocks of ingots or billets in induction furnace units will be charged to duty at a specific rate of Rs. 600 per metric tonne. Notification No. 5097-CE may be seen. It may, however, be observed that these specific rates shall not apply to waste and scrap lying with induction furnace units or....
X X X X Extracts X X X X
X X X X Extracts X X X X
....te and scrap arising in the course of production or manufacture of hot re-rooled products (in the case of hot re-rolling mills), from whole of excise duty. Notification No. 49/97-CE refers. (i) For re-rolling mills of nominal diametre below 200 mm., concessional rate of duty has been prescribed. The rate of duty will be Rs. 150 per metric tonne vide first proviso to sub-rule (3) of rule 96....