Excise duty exemption for cycle forgings clarified: shaped parts qualify for unconditional exemption, others require Chapter X compliance. Where a forging or forged product of iron or steel has acquired the essential character of a finished cycle or cycle-rickshaw part (by having the approximate shape or outline of the finished article, including blanks), it should be classified as the finished part and be unconditionally exempt from excise duty without Chapter X procedure; items lacking that essential shape or recognisability must follow Chapter X to ensure use in manufacture of exempted parts. Decisions on classification must be taken not below Assistant Collector level.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption for cycle forgings clarified: shaped parts qualify for unconditional exemption, others require Chapter X compliance.
Where a forging or forged product of iron or steel has acquired the essential character of a finished cycle or cycle-rickshaw part (by having the approximate shape or outline of the finished article, including blanks), it should be classified as the finished part and be unconditionally exempt from excise duty without Chapter X procedure; items lacking that essential shape or recognisability must follow Chapter X to ensure use in manufacture of exempted parts. Decisions on classification must be taken not below Assistant Collector level.
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