Exemption to goods produced out of old/used articles of gold, silver or other precious metals - 228/88 - Central Excise - Tariff

Exemption to goods produced out of old/used articles of gold, silver or other precious metals

Notification No. 228/88-C.E.

Dated 6-7-1988

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 131/81-Central Excises, dated the 22nd June, 1981, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts articles of any of the metals specified in the Table below and falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), which have been -

(i) re-made from out of old or used article made of such metal, whether or not in combination with a metal recovered from another old or used article, or

(ii) re-conditioned, re-fabricated or subjected to any other similar process,

from so much of the duty of excise leviable thereon as is in excess of the duty calculated with reference to the value of the material, if any, added and the amount charged for such re-making or re-conditioning, re-fabricating or any other process.

THE TABLE

(1)	(2)
1.	Gold
2.	Silver
3.	Platinum
4.	Palladium
5.	Rhodium
6.	Iridium
7.	Osmium
8.	Ruthenium

Explanation :- For the purpose of this notification, "metal" shall include :

(a) any alloy in which any of the metals specified in the Table above predominates by weight ever each of the other metals specified in such Table or any other metal in such alloy,

(b) any alloy in which the gold content is not less than 37.5 per cent by weight.