Steel — Non-alloy steel ingots/billets and hot re-rolling products — Amendment to Notification No. 31/98-C.E. (N.T.) - 011/1999 - Central Excise - Non Tariff

Steel — Non-alloy steel ingots/billets and hot re-rolling products — Amendment to Notification No. 31/98-C.E. (N.T.) Notification No. 11/99-C.E. (N.T.) Dated 16-2-1999 In exercise of the powers conferred by rule 12 of the Central Excise Rules, 1944, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 31/98-Central Excise (N.T.), dated the 24th August, 1998, namely :- In the said notification - (a) after the proviso, the following shall be inserted, namely :- "Explanation: For the purpose of this notification, 'monthly average rate of rebate' means the monthly average rate of rebate arrived at by applying the following formulae, namely :- monthly average rate of rebate D = Rate of excise duty per chamber of a processing factory in the month in which the processed textile fabrics were cleared from such factory for export; n = Number of working chambers in respect of which duty of excise was paid in the said month; Q = Total quantity of the processed textile fabrics manufactured in the said month." (b) in the Table, after serial No. 2 and the entries relating thereto, the following shall be inserted, namely :- (1) (2) (3) "3. Processed textile fabrics falling under Heading Nos. 52.07, 52.08, 52.09, 54.06, 54.07, 55.11, 55.12, 55.13, 55.14 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and on which duty of excise has been paid under Section 3A of the Central Excise Act, 1944 (1 of 1944). (a) 'monthly average rate ofrebate' per square metre subject to a maximum of Rs. 3.80 per square metre where the processed textile fabrics are manufactured in a factory which paid duty @ Rs. 1.5 lakh per chamber per month, or (b) `monthly average rate ofrebate' per square metre subject to a maximum of Rs. 5.10 per square metre where the processed textile fabrics are manufactured in a factory which paid duty @ Rs. 2 lakh per chamber per month."