Prescribes a basic duty of 20% ad valorem on specified iron and steel melting scrap - 083/90 - Customs -Tariff

Prescribes a basic duty of 20% ad valorem on specified iron and steel melting scrap. Notification No. 83/90-Cus. Dated 20-3-1990 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts melting scrap of iron or steel (other than stainless steel or heat resisting steel) falling under Heading No. 72.04 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for use in electric arc furnace or induction furnace, from so much of that portion of the duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the amount calculated at the rate of 20% ad valorem : Provided that the proper officer is satisfied that such imported melting scrap is in fact used in electric arc furnace or induction furnace.