Waste and scrap - Ingots/Billets/Hot re-rolled products of non-alloy steel - Exempt from duty - 49/97 - Central Excise - Tariff

Waste and scrap - Ingots/Billets/Hot re-rolled products of non-alloy steel - Exempt from duty

Notification No. 49/97-C.E.

Dated 1-8-1997

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts waste and scrap falling under the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), when such waste and scrap arises in the course of manufacture of production of, -

(a) ingots and billets of non-alloy steel falling under sub-heading Nos. 7206.90 and 7207.90 of the Schedule to the said Central Excise Tariff Act, in an induction furnace unit, on which the duty of excise is paid under section 3A of the Central Excise Act, 1944 (1 of 1944); or

(b) 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 said Central Excise Tariff Act, in a hot re-rolling mill, on which the duty of excise is paid under section 3A of the Central Excise Act, 1944 (1 of 1944).