Exemption to specified goods falling within Chapter 72 or 73
Notification No. 174/88-C.E.
Dated 13-5-1988
In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 94/88-Central Excises, dated the 1st March, 1988, the Central Government hereby exempts goods of the description specified in column (3) of the Table hereto annexed and falling under heading Nos. or sub-heading Nos. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as are specified in the corresponding entry in column (2) of the said Table, from so much of the duty of excise leviable thereon which is specified in the said- Schedule, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, subject to the conditions, if any, laid down in the corresponding entry in column (5) thereof.
THE TABLE
|
S. No. |
Heading No./sub-heading No. |
Description of goods |
Rate |
Conditions |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
1. |
72.01 |
Molten iron in sand moulds |
Nil |
If used for the manufacture of steel castings. |
|
2. |
72.02 |
Ferro-alloys |
Nil |
If manufactured by employing the alumino thermic or the thermit process. |
|
3. |
72.03 and 72.05 |
Sponge iron or steel; iron or steel powders |
Nil |
- - - |
|
4. |
Any heading or sub-heading of Chapter 72 or 73 |
Forgings and forged products of steel |
Rs. 550 per tonne |
If such products have not been subjected to any machining, or surface treatments, other than -
(a) annealing, tempering, case-hardening, nitriding and similar heat treatments to improve the properties of the metal;
(b) descaling, pickling, scraping and other processes to remove the oxide scale and crust formed during the heading of the metal;
(c) rough coating intended solely to protect products from rust or other oxidation, to prevent slipping during transport and to facilitate handling for example, paints containing an active anti-rust pigment such as red lead, zinc powder, zinc oxide, zinc chromate, iron oxide (iron minimum, jewellers rouge), and non-pigmented coatings with a basis of oil, grease, wax, paraffin wax graphite, tar or bitumen;
(d) removal of small portions of the metal for testing purposes; and
(e) removal of surface defects, or of excess material by grinding, chipping or filing. |
|
5. |
7210.30 and 7212.30 |
Painted, lacquered, varnished or plastic coated sheets, including cuttings of such sheets |
Rs. 500 per tonne |
If made from hot-rolled sheets produced in India; |
|
Rs. 715 per tonne |
If made from cold-rolled sheets produced in India; |
|
Rs. 975 per tonne |
If made from tinned sheets produced in India; |
|
|
|
|
Rs. 1375 per tonne |
- - - |
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