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of <h1>Govt Notification 94/88-C.E. Exempts Certain Iron & Steel Products from Excess Excise Duty Under Central Excise Rules</h1> The Central Government issued Notification No. 94/88-C.E. on March 1, 1988, under the Central Excise Rules, 1944, which exempts certain iron and steel products from excess excise duty as specified in the Central Excise Tariff Act, 1985. The exemption applies to products like molten iron in sand moulds, ferro-alloys, sponge iron, and specific forgings and forged products. Conditions for exemption include the manufacturing process and treatments applied to the products. The notification also prescribes specific duty rates for painted, lacquered, varnished, or plastic-coated sheets, depending on the type of sheet used in production.
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