Iron or steel or products thereof - 55/86 - Central Excise - Tariff

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Iron or steel or products thereof

Notification No. 55/86-C.E.

Dated 10-2-1986

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. 62/85-Central Excises, dated the 17th March, 1985, 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 Chapter 72, 73 or 84 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 under Section 3 of the Central Excises and Salt Act, 1944 (1 of 1944), 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 :

Provided that in respect of the goods of the description specified in column (3) against S. Nos. 2, 5, 6, 7, 8, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20 of the said Table the rate specified in the corresponding entry in column (4) thereof shall be reduced by rupees fifty per metric tonne if the molten steel used in the production of such goods has been produced with the aid of electric are furnace or electric induction furnace.

TABLE

S. No.		Heading or Sub-heading No.	Description of goods	Rate of duty	Conditions
(1)		(2)	(3)	(4)	(5)
1.		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.
2.		7206.20 & 7206.90	Goods falling under Sub-heading Nos. 7206.20 & 7206.90.	Rupees three hundred and sixty-five per metric tonne.	—
3.		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.
4.		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.
5.	7207.20		Blooms, billets, slabs and sheets bars (including tin-plate bars) and hoe bars of steel.	Rupees three hundred and sixty-five per metric tonne.	—
6.	7208.00		Pieces roughly shaped by rolling or forging of iron or steel.	Rupees three hundred and sixty-five per metric tonne.	—
7.	7209.10		Flats — (a) Not exceeding 5 mm in thickness.	(a) Rupees five hundred per metric tonne.	—
	7209.20		(b) Exceeding 5 mm in thickness.	(b) Rupees three hundred and sixty-five per metric tonne.	—
8.	7209.90		Bars (excluding flats) and rods including wire rods) of iron or steel; hellow mining drill steel.	Rupees three hundred and sixty-five per metric tonne.	—
9.	7302.10		Railway track construction materials.	Rupees three hundred and sixty-five per metric tonne.	—
10.	7302.10		Railway track construction materials.	Rupees one hundred and sixty-five per metric tonne.	If it is proved to the satisfaction of an officer not below the rank of an Assistant Collector of Central Excise and such materials are actually used for railway track and if the procedure set out in Chapter X of the said rules is followed.
11.	7210.10 and 7301.00		Angles, shapes and sections; and sheet pilings.	Rupees three hundred and sixty-five per metric tonne.	—
12.	7211.10		Hoops	Rupees five hundred per metric tonne.	—
13.	7211.20		Galvanised strips.	Rupees nine hundred and thirty-five per metric tonne.	—
14.	7211.31, 7211.32 and 7211.39		Strips other than galvanised strips—		—
			(a) Cold-rolled strips	(a) Rupees seven hundred and fifteen per metric tonne.	—
			(b) Hot-rolled strips exceeding 5 mm in thickness.	(b) Rupees three hundred and sixty-five per metric tonne.	—
			(c) Other hot-rolled strips.	(c) Rupees five hundred per metric tonne.	—
15.	7211.90		Skelp	Rupees five hundred per metric tonne.	—
16.	7212.10		Galvanised sheets, plates and forms.	Rupees nine hundred and thirty-five per metric, tonne.	—
17.	7212.31, 7212.32 and 7212.33		Lacquered sheets and varnished sheets (including cuttings of lacquered sheets and varnished sheets) made from —		—
			(a) Hot-rolled sheets produced in India.	(a) Rupees five hundred per metric tonne.
			(b) Cold-rolled sheets produced in India.	(b) Rupees seven hundred and fifteen per metric tonne.	—
			(c) Tinned sheets produced in India.	(c) Rupees nine hundred and seventy per metric tonne.	—
18.	7212.40, 7212.50		(a) Uncoated plates and universal and 7212.90 plates.	(a) Rupees three hundred and eighty-five per metric tonne.	—

		(b)		Cold-rolled sheets.	(b)	Rupees seven hundred and fifteen per metric tonne.	—
		(c)		Others	(c)	Rupees five hundred per metric tonne.	—
19.	7213.00	Iron or steel wire, whether or not coated but not insulated.			Rupees three hundred and sixty-five per metric tonne.		—
20.	7303.21, 7303.22 and 7303.28	Tubes and pipes and blanks therefor of steel -
		(a)	Seamless pipes & tubes.		(a)	Rupees three hundred and eighty-five per metric tonne.	—
		(b)	Others -		Rupees five hundred per metric tonne.		—
		(i)	made from hot-rolled products produced in India.
		(ii)	made from cold-rolled products produced in India.		Rupees seven hundred and fifteen per metric tonne.		—
21.	72.01 to 72.13 (excluding Sub-heading No. 7210.20 and 7212.60) 7301.00, 7302.10, 73.03, 73.04 and 73.07, 7308.10 and ingot moulds falling under 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. 1 of this Table.