Excise exemption for foundry grade iron covers molten form when composition matches exempt variety for clearance. The excise exemption for foundry grade iron applies to iron with a phosphorous content of 0.2% and above and, because the notification does not require a solid state, the exempted variety includes molten iron of the same composition; administrative reasoning notes energy conservation in clearing molten iron for further manufacture as supporting this interpretation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise exemption for foundry grade iron covers molten form when composition matches exempt variety for clearance.
The excise exemption for foundry grade iron applies to iron with a phosphorous content of 0.2% and above and, because the notification does not require a solid state, the exempted variety includes molten iron of the same composition; administrative reasoning notes energy conservation in clearing molten iron for further manufacture as supporting this interpretation.
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