Exemption to certain products of iron and steel like sponge iron, prescribing of effective duty on forgings and forged products, etc. - 094/88 - Central Excise - Tariff

Exemption to certain products of iron and steel like sponge iron, prescribing of effective duty on forgings and forged products, etc.

Notification No. 94/88-C.E.

Dated 1-3-1988

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts goods of the description specified in column (2) of the Table hereto annexed and falling within Chapter 72, 73, 74 or 94 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), 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 (3) of the said Table, subject to the conditions, if any, laid down in the corresponding entry in column (4) thereof.

THE TABLE

S. No.	Description of goods	Rate	Conditions
(1)	(2)	(3)	(4)
01.	Molten iron in sand moulds.	Nil	If used for the manufacture of steel castings.
02.	Ferro-alloys.	Nil	If manufactured by employing the alumino thermic or the thermit process.
03.	Sponge iron or steel; iron or steel powders.	Nil	—
04.	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 heating 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 minium, 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.
05.	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	—