Customs exemption for heavy melting scrap permits reduced duty where imported for electric arc or induction furnace use. The Central Government exempts heavy melting scrap of iron or steel (other than stainless or heat resisting steel) in Chapter 72 from customs duty insofar as the duty exceeds the amount calculated at the rate of 20 per cent ad valorem when imported for use in electric arc furnace or induction furnace, provided the proper officer is satisfied that the scrap is so used; the notification is in force up to and inclusive of 31 May 1987.
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.
Customs exemption for heavy melting scrap permits reduced duty where imported for electric arc or induction furnace use.
The Central Government exempts heavy melting scrap of iron or steel (other than stainless or heat resisting steel) in Chapter 72 from customs duty insofar as the duty exceeds the amount calculated at the rate of 20 per cent ad valorem when imported for use in electric arc furnace or induction furnace, provided the proper officer is satisfied that the scrap is so used; the notification is in force up to and inclusive of 31 May 1987.
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