Background

new budget for excise duty on rolling mills

Industrialists express concern over govt's biased policy ...

In the revised budget, a provision has been introduced whereby no customs duty or excise duty will be levied on the import of sponge iron, the raw material required for the production of iron rods by melting the sheets. However, customs duty has been increased from Rs 4.75 per metric tonne and Rs 1,650 per metric tonne to Rs 2,500.

Metal-rolling mills and rolls therefor India Import Duty ...

Metal-rolling mills and rolls therefor Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.

Aarti Steel Rolling Mills Ltd. vs Cce on 17 June, 2004

ORDER V.K. Agrawal, Member (T) . 1. M/s. Aarti Steel Rolling Mills Ltd. have filed this appeal against the Order-in-Original No. 53/02 dated 27.11.2002, by which the Commissioner of Central Excise, has confirmed the demand of Central Excise Duty Rs. 7,33,656 and imposed penalty of equivalent amount besides confiscating land building, plant, machinery with an option to redeem the same on ...

84553000 - Rolls for rolling mills Central Excise Duty and ...

84553000 - Rolls for rolling mills Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.

326-97-cx - #1 web site on India's DGFT, Customs, Excise ...

Accordingly, for the month of August, 1997, a special dispensation has been made for the re-rolling mills to pay the duty liability for that month by the end of August, 1997. 9. The manner of payment of excise duty under section 3A is indicated in notification No. 27/97-CE (NT), dated 24.7.97. The provisions of rule 96ZP may be referred to.

Shree Bhagwati Steel Rolling Mills v. Commissioner Of ...

On this ground alone therefore the impugned judgment is set aside. That none of the other provisions of the Central Excise Act can come to the aid of the Revenue in cases like these has been laid down by this Court in Hans Steel Rolling Mill v. CCE Hans Steel Rolling Mill v. CCE, 2011 3 SCC 748 as follows: (SCC p. 751, para 13)

Anupam Banerjee - Finance Executive - atene KOM ...

Taking the daily inventory in store and rolling mills. ... Service Tax, Excise Duty) Maintain payroll activities Show more Show less ... ( Adv Level) Canada - 20 years of rich experience-Looking for New opening in Kenya as a CFO/HOF Nairobi, Kenya. Manoj Chopra Finance Controller, Avnash Industry Ghana Ltd, Rice Mills, Accra ...

Commnr. Of Central Excise, ... vs M/S. Doaba Steel Rolling ...

8. The respondent-assessee is engaged in the manufacture of hot re-rolled steel products of non-alloy steel in a hot steel rolling mill, classifiable under Chapter 72 of the Central Excise Tariff Act, 1944, for the purpose of levy of Excise duty etc. On 5th January, 1998 the Commissioner, Central Excise, Chandigarh determined the annual ...

October 2021 Budget - Sleigh and Story Certified Chartered ...

The Finance Bill 2021/22 will increase the duty rates on all tobacco products by 2% above the Retail Price Index. The duty rate for hand-rolling tobacco increased by an additional 4% above this and the minimum excise tax by an additional 1%. There are also a number of new sanctions designed to combat duty evasion, with detail available here.

SHC dismisses petition seeking amendment in Import General ...

The petitioner claiming to be an importer of steel products and operator of a re-rolling mills sought amendment in the IGM under WSeboc system in terms of section 45 of the Customs Act 1969. It was submitted that on arrival of goods, petitioner made an attempt to filed Goods Declaration which was not accepted on the count that the consignee's ...

Defaulters of Central Excise & Customs-old reports

Defaulters of Central Excise & Customs-old reports. Sl. No. Name & Address of the defaulter. Name & Address of proprietor/ partners/ Directors (if any) Section 142 (Notice No. and date of issue) Details of arrears outstanding against the defaulters i.e Duty, penalty, R.F. etc.

New Budget For Excise Duty On Rolling Mills

UNION BUDGET 2013-142.97 Мб. In the budget 2012, excise duty on automobile chassis was increased to 14% which needs to be reduced to 13% in case of chasis for tippers and normal load vehicles.Bearings for wind mills are custom made and designed to take very heavy load.

Rs 100 cr central excise duty evasion unearthed in New ...

The Revenue Department on Monday said a major case of central excise duty evasion estimated at Rs 100 crore has been detected and two Mandi …

84553000 - Hot or combination hot and cold: Rolls for ...

84553000 - Hot or combination hot and cold: Rolls for rolling mills Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.

MID-TERM REVIEW Energy Efficiency in Steel Re-Rolling Mills

In Steel Re-Rolling Mills Mid-term evaluation report 6 units, only nine units have been supported so far and only a few units are contemplating investments. The budget expenditures reflect the slow rate of implementation; of the combined GEF and Ministry of Steel co-financing, only 11% has been spent.

India Induction Furnaces Association: Budget 2013: AIIFA ...

NEW DELHI: All India Induction Furnaces Association (AIIFA ) in its pre-budget memorandum has asked the government to amend section 4a of the Central Excise Act. In its memorandum, AIIFA has said that many association members have furnaces and rolling mills as separate entities with common directors / partners. Giving the reason for the same, AIIFA has said …

TIOL - Tax News, GST, Income Tax, Service Tax, Customs ...

Income Tax raids 4 major steel rolling mills in Maharashtra PM launches Ayushman Bharat Digital Mission Employment Survey - 10 plus workers units in 9 Sectors log 29% growth Sero-Survey finds over 70% of Orissa population has COVID-19 antibodies Constitution of India - U/Art. 142 r.w. Art. 141, SC is empowered to take suo motu cognizance and issue directions to permit relaxation …

new budget for excise duty on rolling mills

new budget for excise duty on rolling mills central excise rebate from re rolling mill chapter i excise duty on iron and steel and articles of iron and steel Duty increase in Compound Levy CAclubindia Duty increase in Compound Levy Hot rolled patta patti are processed in cold rolling mills Situation prior to budget 2011 There was no excise .

Ship-breaking picks up pace at Gadani - DAWN.COM

Fearing re-imposition of customs duty and sales tax in the new budget importers are trying hard to bring in as many vessels as they can before the end of current fiscal year on June 30.

SPS Steels Rolling Mills Ltd. Profit and loss (P/L), SPS ...

SPS Steels Rolling Mills Ltd. was incorporated in the year 1981. Its today's share price is 0. Its current market capitalisation stands at Rs 0 Cr.

Industrialists have expressed their dissatisfaction with ...

In response to the government's decision to increase excise duty and other taxes through the Replacement Bill of the budget legislation, industrialists predict that 24 steel mills in the country will go out of business as a result. ... vice president of the Rolling Mills Association, the government is attempting to close the remaining 24 ...

MANAKSIA COATED METALS AND INDUSTRIES LIMITED

Excise Duty with Cess VAT CST TCS MIL/1 ROLLING MILL 1 LOT without 10,00,000 0 % 5 % 5 % ... be easily dismantled and re- erected at the new location. MILL TECHNICAL SPECIFICATIONS: ROLLING MILL IS 8 INCH MILL : PINION TO PINION CENTRE HEIGHT 10 INCH ( 3 PINION STAND)

Levy of Interest on late payment of duty by providing it ...

The assessee was engaged in the manufacture of rerolled non-alloyed steel products with the help of rolling mill taken on lease for the period from 1997 to 2000.The assessee opted to pay duty under the compounded levy scheme introduced from 01.09.1997. On expiry of lease period, assessee surrendered its registration certificate.

Steel Mills To Go On Strike | Business Standard News

The All-India Steel Re-rollers Association (AISRA) has called an indefinite nationwide strike from August 1 to protest against the hike in excise duty. Anil Suri, general secretary of yesterday said that if the government failed to accept the demand for lowering the excise duty by July 31, all the 2,600 re-rolling mills would launch an ...

Excise Duty For Mobile Crushers

Central Excise Rebate From Re Rolling Mill, stone crusher excise duty applicable, labelled diagram of a hammer mills all new registrations central excise and More information new budget for excise duty on rolling mills Changes in excise duty as per Indian Budget, Changes in excise duty as per Indian Budget 201617 for machinery. Get Info. Get Price

Central Excise Duty Rate - Budget 2009 - Blogger

Central Excise Duty Rate - Budget 2009. Excise Duty Rate: - There is no change in the mean Cenvat rate of 8% ad valorem. However,the concessional excise duty rate of 4% has been increased to 8%, with certain exceptionslike food products, pharmaceuticals products including drugs, papers, medical equipmentsand specified textiles machinery etc ...

Duty increase in Compound Levy - CAclubindia

Budget, 2011 has brought the excise duty on the utensils @ 1% under Notification no. 1/2011-CE dated 1.3.2011 on the condition that no credit is availed. Also an option was given in this budget to pay the excise duty on utensils @ 5% under Notification no. 2/2011-CE dated 1.3.2011 alongwith the facility of Cenvat credit.

central excise rebate from re rolling mill

Under the scheme of Section 3-A, the payment of duty is to be under Rule 96-ZP of the Central Excise Rules. 4. The 1997 Rules were introduced by Notification No. 32/97-CE (NT) dated 1-8-1997, wherein the manner and procedure for determination of annual capacity of rolling mill was provided.

Apex Steels (P) Ltd. vs Collector Of Central Excise on 23 ...

3.4 I am aware that the Central Board of Excise & Customs has vide letter F. No. 189/44/89-CE. 4, dated 16-3-1992 decided not to recommend waiver of duty under Section 11C of the Act on the bars and rods of iron or non-alloy steel not further worked then hot rolled, hot drawn or hot extruded but including those twisted after rolling falling ...

Mysore Rolling Mills (P) Ltd. Vs. Collector of Central ...

Mysore Rolling Mills (P) Ltd. Vs. Collector of Central Excise, Belgaum [1987] INSC 50 (18 February 1987) Misra Rangnath Misra Rangnath Pathak, R.S. (Cj) CITATION: 1987 AIR 1488 1987 SCR (2) 318 1987 SCC (1) 695 JT 1987 (1) 476 1987 SCALE (1)382

Meri Gari Scheme has been announced | You can take Local ...

Brand new vehicles up to 800cc have also been exempted from the advance customs duty, the finance minister added. He maintained that the government has slashed sales tax on locally manufactured cars from 17% to 12.5%. The government has also exempted Federal Excise Duty (FED) on 850cc cars, he said, adding that they will slash duty on electric ...