Iron and Steel waste and scrap - Classification of - Central Excise - 27/89

Iron and Steel waste and scrap - Classification of Circular No. 27/89 Dated 21-9-1989 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi I am directed to say that a doubt has arisen on the classification of Iron and Steel waste and scrap in the CET, 1985. 2. The matter has been examined by the Board and it is felt that heading 7204 would not cover an article which could be converted into another article by hot rolling without it being necessary to remit the metal first. The Board, therefore concluded that heading No. 7204 read with Note 6a to Section XV and HSN Explanatory Notes at pages 987-988 would cover only such waste and scrap as would generally be used for remelting and consequently would not cover re-rollable scrap. Such waste and scrap which is not for re-melting will have to be classified in the other appropriate headings of the tariff. Therefore, the denial of benefit of exemption Notification No. 202/88, dated 20-5-1988 on the grounds that re-rollable scrap is waste and scrap falling under heading 7204 is not correct. 3. The instructions contained in para 2 of Board's Circular No. 276/88, may be considered as modified accordingly.