SCH-02 - Second Schedule - Finance Act, 1961

THE SECOND SCHEDULE (See section 11) Part I In the First Schedule to the Tariff Act,- (i) in Item No. 8(2), for the entries in the fourth and sixth columns, the entries 50 per cent. ad valorem and 40 per cent. ad valorem , respectively, shall be substituted; (ii) in Item No. 9(3), for the entries in the fourth and sixth columns, the entries 100 per cent. ad valorem and 921/2 per cent. ad valorem , respectively, shall be substituted; (iii) in Item No. 9(5), for the entries in the fourth and sixth columns, the entries Rs. 3.07 per kilogram and Rs. 3.00 per kilogram , respectively, shall be substituted; (iv) in Item No. 12(4), in the third column, the word Revenue shall be inserted, and for the entry in the fourth column, the entry 50 per cent. ad valorem shall be substituted; (v) in Item No. 22(3), for the entries in the fourth column against sub-items (a) and (b), the entries Rs. 23.50 per litre and Rs. 14.70 per litre , respectively, shall be substituted; (vi) in Item No. 22(4),- (1) for the entry in the fourth column against sub-item (a), the entry Rs. 44.00 per litre of the strength of London proof or 170 per cent. ad valorem, whichever is higher shall be substituted; (2) for the entry in the fourth column against sub-item (b) (i), the entry Rs. 58.70 per litre or 170 per cent. ad valorem, whichever is higher, plus the excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty shall be substituted; (3) for the entry in the fourth column against sub-item (b) (ii), the entry Rs. 44.00 per litre of the strength of London proof or 170 per cent. ad valorem, whichever is higher, plus the excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty shall be substituted; (vii) in Items Nos. 22(5)(b)(i) and 22(5)(b)(ii), in each of the entries in the fourth, fifth and sixth columns, the words , plus the excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty shall be added at the end; (viii) in Item No. 24(3), for the entries in the fourth and sixth columns, the entry Rs. 33.00 per kilogram shall be substituted; (ix) in Item No. 28A, in each of the entries in the fourth, fifth and sixth columns, the words , plus the excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty shall be added at the end; (x) in Items Nos. 28(3) and 39, for the entry against each of them in the fourth column, the entry 10 per cent. ad valorem shall be substituted; (xi) in Items Nos. 28(4), 28(14), 28(30), 28(34), 30(1), 30(13), 30(15), 30(16), 47(3), 47(4), 47(5), 47(6), 48(3), 48(7), 48(8), 48(9) and 70(1), in the entry or entries against each of them in the fourth column, the words , plus the excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different fates, the highest duty shall be added at the end; (xii) in Items Nos. 28(8) and 66(b), for the entry against each of them in the fourth column, the entry 50 per cent. ad valorem, plus the excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty shall be substituted; (xiii) in Item No. 30, for the figures 40 and 30 in the fourth and fifth columns, the figures 50 and 40 , respectively, shall be substituted; (xiv) in Items Nos. 31, 31(2), 31(3), 45(b), 45(c) and 71(b), for the entry against each of them in the fourth column, the entry 75 per cent. ad valorem shall be substituted; (xv) in Item No. 31(1), for the entries in the fourth and sixth columns, the entries 75 per cent. ad valorem and 65 per cent. ad valorem , respectively, shall be substituted; (xvi) in Items Nos. 39(1), 39(2), 39(3), 40, 63(28) and 87, for the entry against each of thorn in the fourth column, the entry 50 per cent. ad valorem shall be substituted; (xvii) in Item No. 44, for the figures 40 in the fourth column, the figures 50 shall be substituted; (xviii) in Items Nos. 45(a), 53, 80 and 81, for the entry against each of them in the fourth column, the entry 100 per cent. ad valorem shall be substituted; (xix) in Items Nos. 72, 72(1), 72(2) and 72(3), for the entry against each of them in the fourth column, the entry 15 per cent. ad valorem shall be substituted; (xx) in Items Nos. 73, 73(1) and 77, for the entries against each of them in the fourth and fifth columns, the entries 50 per cent. ad valorem and 40 per cent. ad valorem , respectively, shall be substituted; (xxi) in Items Nos. 73(21), 73(22) and 75(19), for the entry against each of them in the fourth column, the following entry shall be substituted, namely:- The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates; the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. ; (xxii) in Items Nos. 74(2) and 74(3), for the entry against each of them in the fourth column, the entry 25 per cent. ad valorem shall be substituted; and (xxiii) in Item No. 75(1), for the figures 75 ' in the fourth column, the figures 100 shall be substituted. PART II Item No. Name of Article Nature of duty Standard rate of duty Preferential rate of duty if the article is the produce or manufacture of Duration of protective rates of duty The United Kingdom A British Colony 1 2 3 4 5 6 7 In the First Schedule to the Tariff Act,- (i) after item No. 12(4), the following Item shall be inserted, namely:- 12(4A) Malt Revenue 100 per cent. ad valorem .. .. .. ; (ii) after item NO. 59(6), the following Item shall be inserted, namely:- 59(7) Chinaware and Porcelainware all sorts,- (1) Tableware. (2) Sanitaryware. (3) Glazed tiles. (4) Not otherwise specified. Explanation.-'Chinaware' includes all glazed clayware but does not include terracotta. Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such, duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (iii) after item No. 60(8), the following Item shall be inserted, namely:- 60(9) Glass and glassware,- (1) Sheet glass and Plate glass. (2) Laboratory glassware. (3) Glass shells, glass globes and chimneys for lamps and lanterns. (4) Other glassware including tableware. Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (iv) after Item No. 63(14), the following Item shall be inserted, namely:- 63(14A) High carbon steel strips of thickness 5 mm. or below. Preferential Revenue. 50 per cent. ad valorem. 40 per cent. ad valorem. .. .. ; (v) after Item No. 64(5), the following Item shall be inserted, namely:- 64(6) Copper and copper alloys containing not less than fifty per Cent. by weight of copper- (1) Manufactures, the following, namely, plates, sheets, circles, strips and foils in any form or size. (2) Pipes and tubes Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (vi) after Item No. 68(4), the following Item shall be inserted, namely:- 68(5) Zinc- (1) Manufactures, the following, namely, plates, sheets, circles, strips and foils in any form or size. (2) Pipes and tubes Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (vii) after Item No. 72(40), the following Item shall be inserted, namely:- 72(41) Refrigerators and parts thereof, such as are specially designed for use with refrigerators; and air conditioning machinery, all sorts. Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (vii) after Item No. 73(4), the following item shall be inserted, namely:- 73(4A) Wireless receiving sets, all sorts, including transistor sets and radiograms, with or without loudspeaker. Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (ix) after Item No. 73(22), the following Item shall be inserted, namely:- 73(23) Nichrome and other electrical resistance wires and strips. Revenue 100 per cent. ad valorem. .. .. .. ; (x) after Item No. 82(5), the fallowing Item shall be inserted, namely:- 82(6) (A) Plastics, all sorts, namely:- (i) Moulding powders, granules and flakes (thermosetting and thermoplastic). (ii) polyethylene films, layflat tubings and P.V.C. sheets (that is to say, Polyvinyl Chloride sheets). Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; (B) Cellophane, that is, any film or sheet of regenerated cellulose. Revenue The excise duty for the time being leviable on like articles if produced or manufactured in India, and where such duty is leviable at different rates, the highest duty; and the duty so leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. .. .. .. ; R.C.S. SARKAR, Secy. to the Govt. of India