Exemption for iron and steel products: reduced excise treatment subject to intended use and procedural compliance. Notification No. 91/88-C.E. exempts specified Chapter 72, 73 or 84 iron and steel goods from excise duty above reduced rates, subject to intended use and conditions. Ingot moulds are exempt if used and melted in the producing factory; foundry grade iron and associated waste and scrap are exempt when produced by non-integrated coke-fired units; ferrous waste and scrap (except mill scale) are exempt when arising from specified goods with duty paid but credit not taken or when manufactured/imported on payment of duty; ferro-alloys (except ferro-molybdenum) are exempt when used in specified manufacture and Chapter X procedures are followed; ordnance-factory goods have conditional exemption; mill scale is assigned a specific duty rate.
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.
Exemption for iron and steel products: reduced excise treatment subject to intended use and procedural compliance.
Notification No. 91/88-C.E. exempts specified Chapter 72, 73 or 84 iron and steel goods from excise duty above reduced rates, subject to intended use and conditions. Ingot moulds are exempt if used and melted in the producing factory; foundry grade iron and associated waste and scrap are exempt when produced by non-integrated coke-fired units; ferrous waste and scrap (except mill scale) are exempt when arising from specified goods with duty paid but credit not taken or when manufactured/imported on payment of duty; ferro-alloys (except ferro-molybdenum) are exempt when used in specified manufacture and Chapter X procedures are followed; ordnance-factory goods have conditional exemption; mill scale is assigned a specific duty rate.
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