Exemption to certain specified products of iron and steel

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....ssion of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 55/86-Central Excises, dated the 10th February, 1986, the Central Government hereby exempts goods of the description specified in column (3) of the Table hereto annexed and falling under the heading or sub-heading Nos. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as are....

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....Central Excise is satis­fied that such waste and scrap is intended to be used in the manu­facture of goods falling under sub-heading No. 7206.20, 7207.20 and 7307.20, with the aid of electric furnace; and         (iii) the procedure set out in Chapter X of the said rules is followed. 02. 7206.20 Ingots, blocks, lumps and similar forms of steel....