SCH-02 - Second Schedule - Finance (No. 2) Act, 1962

THE SECOND SCHEDULE (See section 15) Part I In the First Schedule to the Tariff Act,-- (i) in Item No. 22(4) (b),-- (1) for the entry in the fourth column against sub-item (i), the following entry shall be substituted, namely:-- Rs. 60.00 per liter or 170 per cent. ad valorem, whichever is higher, plus Rs. 5.00 per liter. ; (2) in the entry in the fourth column against sub-item (ii), for the figures 44.00 , the figures 45.00 shall be substituted; (ii) in Item No. 28A,-- (1) in the entry in the second column, for the word, Brackets and letter clause (d) , the word, brackets and letter clause (h) , shall be substituted; (2) 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 omitted; (iii) in Item No. 47(2), in the entry in the fourth column, for the words and figures Rs. 6.60 per kilogram or 50 per cent. ad valorem , the words and figures Rs. 7.50 per kilogram or 55 per cent. ad valorem shall be substituted; (iv) in Items Nos. 63, 63(1), 63(4), 63(5), 63(11), 63(13), 63(23), 63(26) and 63(35), for the figures and words 20 per cent. ad valorem in the entry against each of them in the fourth column, the figures and words 25 per cent. ad valorem shall be substituted; (v) in Item No. 63(6),-- (1) for the entry in the fourth column against sub-item (i), the following entry shall be substituted, namely:-- 15 per cent. ad valorem. ; (2) for the entry in the fourth column against sub-item (ii), the following entry shall be substituted, namely:-- Rs. 74-00 per tonne plus 5 per cent. ad valorem. ; (vi) in Item No. 63(8), for the entry in the fourth column, the entry Rs. 5.00 per tonne or 20 per cent. ad valorem, whichever is higher, plus 5 per cent. ad valorem shall be substituted; (vii) in Item No. 63(9), for the entry in the fourth column, the entry Rs. 60.00 per tonne plus 5 per cent. ad valorem shall be substituted; (viii) in Item No. 63(10),-- (1) for the words and figures Rs. 59.10 per tonne in the fourth column against sub-item (i), the words and figures Rs. 80.00 per tonne shall be substituted; (2) for the words and figures Rs. 79.70 per tonne in the fourth column against sub-item (it), the words and figures Rs. 100.00 per tonne shall be substituted; (ix) in Items Nos. 63(12), 63(15), 63(28), 63(29) (a), 63(29) (b) and 63(33) (b), for the entry against each of them in the fourth column, the entry. 55 per cent. ad valorem shall be substituted; (x) in Item No. 63(17),-- (1) for the entry in the fourth column against sub-item (i), the following entry shall be substituted, namely:-- Rs. 32.00 per tonne or 10 per cent ad valorem, whichever is higher, plus 5 per cent. ad valorem. ; (2) for the entry in the fourth column against sub-item (ii), the following entry shall be substituted, namely:-- Rs. 55.00 per tonne plus 5 per cent. ad valorem ; (xi) in Items Nos. 63(18) (b) and 63(33) (a), for the entry against each of them in the fourth column, the entry 40 per cent. ad valorem shall be substituted; (xii) in Item No. 63(19), in the entry in the second column, after the words cast iron plates , the words and stainless steel plates shall be added; (xiii) in Item No. 63(20), in the entry in the second column, after the words high silicon electrical steel sheets , the words and stainless steel sheets shall be added; (xiv) in Item No. 63(24), for the entries in the fourth and fifth columns, the entries 55 per cent. ad valorem and 45 per cent. ad valorem , shall, respectively, be substituted; (xv) in Item No. 63(25), in the entry in the second column, the words and iron or steel wire nails shall be omitted; (xvi) in Item No. 63(27),-- (1) for the entry in the fourth column against sub-item (i), the entry Rs. 15.00 per. tonne or 15 per cent. ad valorem, whichever is higher, plus 5 per cent. ad valorem shall be substituted; (2) for the entry in the fourth column against sub-item (ii), the entry Rs. 42.00 per tonne or 25 per cent. ad valorem, whichever is higher, plus 5 per cent. ad Valorem shall be substituted; (xvii) in Item No. 71(a), for the entry 35 per cent. ad valorem in, the fourth column, the entry 50 per cent. ad valorem shall be substituted; and (xviii) in Item No. 75(1), for the entry in the fourth column, the entry 150 per cent. ad valorem 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) for Item No. 22(5) (b), the following Item shall be substituted, namely:-- 22(5)(b) Drugs and medicines containing spirit- (i) entered in such a manner as to indicate that the strength is not to be rested. Preferential Revenue. Rs. 12.00 per liter or 50 per cent. ad valorem, whichever is higher, plus Rs. 5.00 per liter. Rs. 11.10 per liter or 40 per cent. ad valorem, whichever is higher, plus Rs. 5.00 per liter. Rs. 11.10 per liter or 40 per cent. ad valorem, whichever is higher, plus. Rs. 5.00 per liter. .. (ii) not so entered. Preferential Revenue. Rs. 9.00 per liter of the strength of London proof or 50 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. Rs. 8.35 per liter of the strength of London proof or 40 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. Rs. 8.35 per liter of the strength of London proof or 40 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. .. (ii) in Section V after Item No. 27(9), the following Item shall be inserted, namely:- 27(10) All products derived from refining of crude petroleum or shale (whether gaseous, liquid, semi-solid or solid in form), including refinery gases, lubricating oil and greases, waxes and coke, but excluding articles falling under Items Nos. 27(3), 27(4)(a) 27(5) 27(6) and 27(7)(b). 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 it this entry had not been inserted. . . . . . . (iii) after Item No. 28(34), the following Items shall be inserted, namely:-- 28(35) Nitric, Hydrochloric and Sulphuric Acids (including fuming acids and anhydrides thereof), 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. . . . . . . 28(36) Compressed, liquefied or solidified gases, the following, namely:- (i) Oxygen. (ii) Chlorine. (iii) Ammonia. (iv) Carbonic acid (Carbon dioxide), (v) Refrigerant gases, all others, such as sulphur dioxide and freon. 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 is addition to the duty which would have been levied it this entry had not been inserted. . . . . . . 28(37) Patent or proprietary medicines not containing alcohol, opium, Indian hemp or other narcotic drugs or other narcotics other than those medicines which are exclusively Ayurvedic, Unani, Sidha of Homoeopathic, 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 to leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. . . . . . . Explanation.-For the purposes of this item patent or proprietary medicines means any drug or medicinal preparation, in whatever form, for use in the internal or external treatment of, or for the prevention of aliments in, human beings or animals, which bean either' on itself or on its container or both; a name which is not specified in a monograph in a Pharmacopoeia) Formulary or other publications notified in this behalf by the Central Government in the Official Gazette, or which is a brand name, that is, a name or a registered trade mark under the Trade and Merchandise Marks Act, 1958(43 of 1958), or any other mark such as a symbol, monogram, label, signature or invented words or any writing which is used in relation to that medicine for the purpose of indicating or so as to indicate a connection in he course of trade between the medicine and some person having the right either as proprietor or otherwise to use the name or marl with or without any indication of the identity of that person. (iv) in Section VIII after Item No. 39(3), the following Item shall be inserted, namely-- 39(4) Rubber product the following, namely;-- (i) Latex foam sponge (ii) Plates sheets and strips unhardened whether vulcanized or not, and whether combined with any textile material or otherwise, 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. . . . . . . (v) in Section IX, after Item No. 42, the following Item shall be inserted, namely-- 42(i). Plywood, blackboard, laminboard, batten board, bard or soft wall boards or insulating board and veneered panels, whether or not containing any material other than wood; cellular wood panels; budding boards of wood pulp or of vegetable fibre, whether or not bonded with natural or artificial resins or with similar binders; and artificial or reconstituted wood being wood shavings, wood chips, saw dust, wood flour, or other ligneous waste agglomerated with natural or artificial resins or other organic binding substances, in sheets, blocks, boards or the like- (i) Plywood for tea-chests when cut to size in panels or shooks and packed in sets. (ii) All others. 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. 50(1), the following Item shall be inserted, namely:- 50(1A) Jute manufactures (including manufactures of Bimlipatam jute or of Mesta fibre), all sorts- (i) Hessians. (ii) All other descriptions of jute manufactures not falling id sub-item (i) above (including cloth, bags, twist, yarn, rope and twine). 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 go leviable shall be in addition to the duty which would have been levied if this entry had not been inserted. . . . . . . (vii) after Item No. 58(1), the following Item shall be inserted, namely:-- 58(1A) Asbestos-cement products, all sorts, including flat and corrugated sheets, pipes and tubes and tiles. 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 bad not been inserted. . . . . . . (viii) for item No. 63(16), the following item shall be substituted, namely:-- 63(16) Iron or steel washers, all sorts, and iron or steel nails, all sorts, including wire nails and panel pins. Revenue 55 Per cent ad valorem. . . . . . . (ix) after Item No. 63(20), the following Item shall be inserted, namely:-- 63(20A) Stainless steel plate's and sheets. Revenue 25 percent ad valorem . . . . . . (x) after Item No. 63(35), the following Item shall be inserted, namely:-- 63(36) Iron or steel products, the following, namely:- (i) Bars, rods, coils, wires, joists, girders, angles, channels, tees, flats, beams, zeds, trough, piling, and all other rolled, forged or extruded shapes and sections. (ii) Plates and sheets, other than plates and sheets intended for tinning, and hoops and strips, all sorts, including galvanised or corrugated plates and sheets. (iii) Uncoated plates and sheets intended for tinning. (iv) Pipes and tubes (including blanks therefor), ail sorts, whether rolled forged, spun, cast, drawn, annealed welded or extruded. (v) All other steel castings. 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. . . . . . . (xi) for Item No. 64(6), the following Item shall be substituted, namely:-- 64(6) Copper and copper alloys containing not less than fifty per cent by weight of copper- (1) In any crude form including ingots, bars, blocks, slabs, billets, shots and pellets. (2) Manufactures, the following, namely, plates, sheets, circles, strips and foils in any form or size. (3) 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. . . . . . . (xii) for Item No. 72(41), the following Item shall be substituted, namely.-- 72(41) Refrigerating and air-conditioning appliances and machinery, all sorts, and parts thereof:-- (1) Refrigerators and other refrigerating appliances, which are ordinarily sold or offered for sale as ready assembled units, such as ice makers, bottle coolers, display cabinets and water coolers. (2) Air-conditioners and other air-conditioning appliances, which are ordinarily sold or offered for sale as ready assembled units, including package type air-conditioners and evaporative type of coolers. (3) parts of refrigerating and air-conditioning appliances ' and 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. . . . . . . (xiii) in Section XVI, after Item No. 73(23), the following Items shall be inserted, namely:-- 73(24.) Electric wires and cables, all sorts, not falling under Item 63(36). 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. . . . . . . (xiv) in Section XVIII, after Item No. 79, the following Item shall be inserted, namely:-- 79 (1) Gramophones, including record players, whether mechanically or electrically driven, and with acoustic, electronic or transistorised systems of reproduction or amplification, and parts and accessories thereof, and gramophone records, all sorts-- (i) Gramophones or record players, including radiograms, (ii) Parts and accessories of gramophones of record players, all sorts. (iii) Gramophone records, all sorts, other than matrices. (iv) Matrices for records impressed. (v) Gramophone needles or styli-- (a) wholly made of steel. (b) Others. 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 enter had not been inserted. . . . . . . (xv) for Item No. 82(6) (A), the following Item shall be substituted, namely:-- 82(6)(A) Plastics, all sorts- (i) Moulding powders, granules and flakes (thermosetting and thermoplastic.) (ii) Polyethylene films, lay-flat-tubings and P.V.C. sheets (that is to say, Polyvinyl Chloride sheets). (iii) All others. Revenue The excise duty fox 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