Effective rates of duty for various goods of Chapter 72 - 40/94 - Central Excise - Tariff

Effective rates of duty for various goods of Chapter 72 Notification No. 40/94-C.E. Dated 1-3-1994 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in column (3) of the Table hereto annexed and falling under the heading Nos. or sub-heading Nos. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), as are specified in the corresponding entry in column (2) of the said Table, from so much of the duty of excise leviable thereon which is specified in the said Schedule, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4), of the said Table, subject to conditions, if any, as specified in the corresponding entry in column (5) of the said Table. TABLE S. No. Heading No. or sub-heading No. Description of goods Rate Conditions (1) (2) (3) (4) (5) 1. 72.01, 7204.10, 7205.10 and 7206.10 All goods 10% ad valorem Nil 2. 72.03 All goods other than sponge iron 10% ad valorem Nil 3. 7207.10 Semi-finished products of iron, other than pieces roughly shaped by forging of iron. 10% ad valorem Nil 4. 72.01 to 72.29 All goods Nil If such goods are - (i) produced in ordnance factories belonging to the Central Government; and (ii) intended for consumption in such ordnance factories or for supply to the-Central Government departments. 5. 72.01 Molten iron Nil Nil 6. 7206.90 and 72.24 Ingots or other primary forms 10% ad valorem For use for the manufacture of rails and sleepers (cross-ties) which are used for railway tracks.