NTF. NO. 48/1997-CE, DT. 01/08/1997

Rs 400/mt calculated on annual capacity of production

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 hot re-rolled products of non-alloy steel falling under sub-heading Nos. 7211.11, 7211.19, 7211.30, 7211.52, 7211.59, 7211.60, 7211.92, 7211.99, 7213.90, 7214.90, 7215.90, 7216.10 and 7216.90 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) shall be Rs. 400 per metric tonne calculated on the basis of annual capacity of production determined under the Hot Re-rolling Mills 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) a composite plant consisting of induction furnace with secondary refining facility and possessing continuous casting facility, within the same premises;

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

(d) 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;

(e) re-rolling mills of nominal centre distance of the pinions in the pinion stand of size 411 millimetres and above.

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