Excise duty exemptions for specified iron and steel goods: reduced effective rates and conditional nil duty for certain uses. Exempts specified iron and steel goods under Chapter Seventy two from excise duty to the extent that duty exceeds the effective rates listed in the Table; sets ten percent ad valorem effective rates for several headings and nil effective rates for particular descriptions and uses, notably molten iron, goods produced for and consumed in ordnance factories or supplied to central government departments, and limited treatment for ingots used in manufacture of rails and sleepers.
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Excise duty exemptions for specified iron and steel goods: reduced effective rates and conditional nil duty for certain uses.
Exempts specified iron and steel goods under Chapter Seventy two from excise duty to the extent that duty exceeds the effective rates listed in the Table; sets ten percent ad valorem effective rates for several headings and nil effective rates for particular descriptions and uses, notably molten iron, goods produced for and consumed in ordnance factories or supplied to central government departments, and limited treatment for ingots used in manufacture of rails and sleepers.
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