Iron or Steel and Copper Articles
Notification No. 54/86-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, the Central Government hereby exempts goods of the description specified in column (3) of the Table annexed hereto, and falling under Heading or Sub-heading No. 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 entry 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 columu (4) of the said Table, subject to the intended use, or the conditions, if any, laid down in the corresponding entry in column (5) thereof.
TABLE
Sl. No. |
Heading or Sub-heading No. |
Description of goods |
Rate of duty |
Intended use/conditions |
(1) |
(2) |
(3) |
(4) |
(5) |
1. |
84.54 |
Ingot moulds |
Nil |
Provided that such goods are used in the factory of production in the manufacture of steel ingots and are melted either during or after such use in the said factory. |
2. |
7201.00 |
(i) Foundry grade iron with a phosphorous content of 0.2% and above, and |
Nil |
Provided that such foundry grade iron and such waste and scrap of iron are produced by a unit (other than an integrated steel plant) using coke as the principal fuel. |
|
7203.10 |
(ii) Waste and scrap of iron (irrespective of the phosphorous content) arising in the course of manu-facture of foundry grade iron referred to at clause (i) above. |
|
|
3. |
7203.10 and 7203.20 |
Waste and scrap, other than mill scale. |
Nil |
Provided that such waste and scrap (other than mill scale) 7203.20 have arisen from |
|
|
|
|
(i) |
goods, falling under Heading or Sub-heading Nos. 72.01 to 72.13 (excluding Sub-heading No. 7210.20 and 7212.60), 7301.00, 7302.10, 73.03, 7304, and 73.07, 7308.10 and ingot moulds falling under Heading No. 84.54, on which duty of excise leviable under section 3 of the Central Excises and Salt Act, 1944 or, as the case may be, the additional duty leviable under Section 3 of the Customs Tariff Act, 1975 (51 of 1975), has already been paid, but the credit of such duty has not been taken; or |
|
|
|
|
(ii) |
goods, falling under any Heading No. of the said Schedule other than the Heading or Sub-heading Nos. specified in clause (i) above— |
|
|
|
|
|
(a) manufactured or produced in India; or
(b) imported into India on payment of duty leviable under the said Customs Tariff Act, 1975. |
4. |
7202.20 |
Ferro-alloys (other than ferro molybdenum) |
Nil |
Provided that— |
|
|
|
(i) |
the said ferro-alloys are used in the manufacture of iron and steel, and products thereof falling under Heading or Sub-heading Nos. 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 of the said Schedule, which are not exempted from the whole of the duty of excise leviable thereon or are not chargeable to 'nil' rate of duty; and |
|
|
|
|
(ii) |
the procedure set out in Chapter X of the Central Excise Rules, 1944, is followed. |
5. |
72.01 to 72.13 (excluding Sub-heading No. 7210.20 and 7212.60), 7301.00 7302.10, 7302.03, 73.03, 7304, 73.07 and 7308.10, ingot moulds of Heading No. 84.54 |
Goods covered by Headings or Sub-headings specified under column (2) against this S. No. |
Nil |
Provided that—
(i) such goods are produced in ordnance factories belonging to the Central Government; and,
(ii) such goods are intended for consumption in such ordnance factories or for supply to the Central Government departments. |
6. |
72.03 |
Mill scale |
Twelve per cent ad valorem |
|
2. This notification shall come into force on the 28th day of February, 1986.