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of <h1>Central Govt Exempts Specific Steel & Ferro-Alloy Goods from Excise Duty under Central Excise Rules, 1944</h1> The Central Government, under the Central Excise Rules, 1944, has issued an exemption notification for specific goods within Chapters 72, 73, and 84 of the Central Excise Tariff Act, 1985. The exemption applies to ingot moulds, foundry grade iron, ferrous waste and scrap, and certain ferro-alloys, provided they meet specified conditions such as intended use in manufacturing, production in non-integrated steel plants, or usage in ordnance factories. The exemption reduces the excise duty to nil for these goods, contingent upon adherence to outlined conditions and procedures.
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