Section 30 - Amendment of Act 16 of 1955 - Finance Act, 1963

30. Amendment of Act 16 of 1955. In the Schedule to the Medicinal and Toilet Preparations (Excise Duties) Act, 1955, (a) in Item No. 1, in the column relating to Rate of duty , for the words Ten per cent, ad valorem , the words Rupee one and ten naye paise per litre of the strength of London proof spirit or ten per cent. ad valorem, whichever is higher. shall be substituted; (b) in Item No. 2 (1) in the column relating to Description of dutiable goods , the words which are prepared by distillation or to which alcohol has been added, and shall be omitted; (2) in the column relating to Rate of duty , the words or ten per cent, ad valorem, whichever is higher shall be inserted at the end; (c) in Item No. 3, after sub-item (ii), the following item shall be inserted, namely: (iia) Ayurvedic preparations, containing alcohol, which are prepared by distillation or to which alcohol has been added, and which are capable of being consumed as ordinary alcoholic, beverages. Rupees fifteen and fifly naye paise per litre of the strength of London proof spirit. ; (d) in Item No. 6, in the column relating to Rate of duty , for the words Twenty-five per cent, ad valorem , the words Rupees three and eighty-five naye paise per litre of the strength of London proof spirit or twenty-five per cent, ad valorem, whichever is higher shall be substituted.