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TMI BlogExemption to certain products of iron and steel like foundry grade iron, waste and scrap and mill scaleX X X X Extracts X X X X X X X X Extracts X X X X ..... ub-rule (1) of rule 8 of the Central Excise Rules, 1944 and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 54/86-Central Excises, dated the 10th February, 1986, the Central Government hereby exempts goods of the description specified in column (2) of the Table hereto annexed and falling within Chapter 72, 73 or 84 of the Schedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aste and scrap of iron are produced by a unit (other than an integrated steel plant) using coke as the principal fuel. (ii) Waste and scrap of iron (irrespective of the phosphorous content) arising in the course of manufacture of foundry grade iron referred to at clause (i) above. 03. Ferrous waste and scrap, other than mill scale. Nil Provided that such waste and scrap (other than mill scal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit of such duty has not been taken under rule 56A or 57A of the Central Excise Rules, 1944; or (ii) all goods, falling within the said Schedule, other than the goods specified in clause (i) above and goods and materials of Chapter 72 or 73 obtained by breaking up of ships, boats and other floating structures, - (a) manufactured or produced in India; or (b) imported into India on payment of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... excise leviable thereon or are not chargeable to 'nil' rate of duty; and (ii) the procedure set out in Chapter X of the Central Excise Rules, 1944 is followed. 05. All goods covered by Chapter 72 or 73. Nil Provided that - (i) such goods are produced in ordnance factories belonging to the Central Government; and (ii) such goods are intended for consumption in such ordnance factories or for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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