Exemption to certain specified products of iron and steel - 69/87 - Central Excise - Tariff

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Exemption to certain specified products of iron and steel

Notification No. 69/87-C.E.

Dated 1-3-1987

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. 55/86-Central Excises, dated the 10th February, 1986, the Central Government hereby exempts goods of the description specified in column (3) of the Table hereto annexed and falling under the heading or sub-heading Nos. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as are specified in the corresponding entries 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 or sub-heading No.	Description of goods	Rate of duty	Conditions
(1)	(2)	(3)	(4)	(5)
01.	7203.20	Waste and scrap of steel	Nil	If,-
				(i)	cleared direct from the factory of production;
				(ii)	an officer not below the rank of an Assistant Collector of Central Excise is satisfied that such waste and scrap is intended to be used in the manufacture of goods falling under sub-heading No. 7206.20, 7207.20 and 7307.20, with the aid of electric furnace; and
				(iii)	the procedure set out in Chapter X of the said rules is followed.
02.	7206.20	Ingots, blocks, lumps and similar forms of steel.	Rupees two hundred and twenty per metric tonne	If required for use for the manufacture of castings of steel falling under sub-heading No. 7307.20 and if the procedure set out in Chapter X of the said rules is followed.
03.	7206.20	Ingots, blocks, lumps and similar forms of steel	Rupees one hundred and ninety per metric tonne	If required for use for the manufacture of goods falling under sub-heading No. 7302.10 which are used for railway track and if the procedure set out in Chapter X of the said rules is followed.
04.	7302.10	Railway track construction materials	Rupees three hundred and sixty-five per metric tonne.	---
05.	7302.10	Railway track construction materials	Rupees one hundred and ninety per metric tonne.	If it is proved to the satisfaction of an officer not below the rank of an Assistant Collector of Central Excise that such materials are actually used for railway track and if the procedure set out in Chapter X of the said rules is followed.
06.	72.01 to 72.13 (excluding sub-heading Nos. 7210.20 and 7212.60) 7301.00, 7302.10, 73.03, 73.04, 73.07, 7308.10, and ingot moulds of Heading No. 84.54	Goods falling under the Heading or sub-heading Nos. specified under column (2) against this S. No.	Nil	If such goods are used in the factory of production as raw material in the manufacture of waste and scrap of steel exempted under S. No. 01.