Home Acts & Rules F. Acts / Amendment Acts Finance Acts Finance (No. 2) Act, 1967 Chapters List Chapter V INDIRECT TAXES This
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Section 40 - Amendment of Act 1 of 1944 - Finance (No. 2) Act, 1967Extract 40. Amendment of Act 1 of 1944. In the Central Excises and Salt Act, 1944 (hereinafter referred to as the Central Excises Act), in the First Schedule, (a) in Item No. 2, for the entry in the third column, the entry Eighty-five rupees per quintal. shall be substituted; (b) in Item No. 4, under II. Manufactured tobacco- , for the entries in the third column against sub-items (1) (i), (1) (ii), (1) (iii) and (1) (iv), the entries Twenty-one rupees. , Twelve rupees and seventy-five paise. , Four rupees and fifty paise. and One rupee and twenty paise. shall, respectively, be substituted; (c) in Item No. 6, for the entry in the third column, the entry Five hundred and fifty rupees per kilolitre at fifteen degrees of Centigrade thermometer. shall be substituted; (d) in Item No. 11A, for the entry in the third column, the entry Twenty per cent, ad valorem. shall be substituted; (e) in Item No. 15A, for the entry in the third column, the entry Thirty per cent, ad valorem. shall be substituted; (f) for Item No. 16A, the following item shall be substituted, namely: 16A RUBBER PRODUCTS, THE FOLLOWING, NAMELY : (1) Latex foam sponge Twenty per cent. ad valorem. (2) Plates, sheets and strips unhardened, whether vulcanised or not, and whether combined with any textile material or otherwise Twenty per cent. ad valorem. (3) Piping and tubing, of unhardened vulcanised rubber Fifteen per cent. ad valorem. (4) Transmission, conveyor or elevator belts or belting, of vulcanized rubber Fifteen per cent. ad valorem. ; (g) in Item No. 18, for the entry In the third column, the entry Forty-five rupees per kilogram. shall be substituted; (h) in Item No. 18A, for the entries in the third column, against sub-items (1) and (2), the entries Six rupees and fifty paise per kilogram. and One rupee per kilogram. shall, respectively, be substituted; (i) in Item No. 22A, for the entries in the third column, against sub-items (i) and (ii), the entries Three hundred and seventy-five rupees per metric tonne. and One hundred and seventy-five rupees per metric tonne. shall, respectively, be substituted; (j) in Item No. 27, for the entries in the third column against sub-items (a), (b), (bb), (c) and (d), the entries Nine hundred and fifty rupees per metric tonne. , One thousand four hundred and fifty rupees per metric tonne. , Two thousand rupees per metric tonne. , Twenty per cent, ad valorem. And Twenty per cent, ad valorem. shall, respectively, be substituted.
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