NTF. NO. 47/1997-CE, DT. 01/08/1997

Ignots and Billets of Non Alloy steel (Sub-heading Nos. 720690 & 720790)
47/97-CE, dt. 1.8.1997 (corrected by CBEC F. No. B. 31/7/97-TRU, dt. 7.8.1997), as amended by 56/97-CE, dt. 30.8.1997: In exercise of the powers conferred by sub-section (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby specifies that the rate of excise duty on ingots and billets of non-alloy steel, falling under sub-heading Nos. 7206.90 and 7207.90 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) shall be Rs. 750 per metric tonne calculated on the annual capacity of production determined under the Induction Furnace Annual Capacity Determination Rules, 1997.

Explanation.- Nothing contained in this notification shall apply to,-

(a) any goods manufactured or produced prior to the 1st day of September, 1997 and cleared on or after that date;

(b) an induction furnace unit which ordinarily produces castings or stainless steel products but may also incidentally produce non-alloy steel ingots and billets;

(c) a composite plant consisting of induction furnace with secondary refining facility and possessing continuous casting facility, within the same premises;

(d) a composite plant consisting of induction furnace with continuous casting facility and re-rolling mill, within the same premises;

(e) an integrated steel plant which manufactures or produces ingots or billets or rolled products, starting from the stage of iron ore, within the same premises.

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