SCH-02 - Second Schedule - Finance Act, 1970

THE SECOND SCHEDULE (See Section 28) PART I In the First Schedule to the Tariff Act, - (i) in Item No. 22(3), - (1) for the entry in the fourth column against sub-item (a), the entry Rs. 45.00 per litre. shall be substituted; (2) for the entry in the fourth column against sub-item (b), the entry Rs. 30.00 per litre. shall be substituted; (ii) in Item No. 22(4), for the entry in the fourth column against sub-item (a), the entry Rs. 60.00 per litre or 200 per cent. ad valorem, whichever is higher. shall be substituted; (iii) in Item No. 73(23), for the entry in the fourth column, the entry 100 per cent. ad valorem. shall be substituted; (iv) Item No. 82(4) and the entries relating thereto shall be omitted; (v) in Item No. 87B, for the entry in the fourth column, against sub-item (i), the entry 60 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, for the Item No. 82(3), the following Item shall be substituted, namely:- 82(3) (a) Artificial or synthetic resins and plastic materials in any form, whether solid, liquid or pasty, or as powder, granules or flakes, or in the form of moulding powders. Revenue 100 per cent. ad valorem .. .. .. (b) Articles made of plastics, the following, namely: tubes, rods, sheets, foils sticks, other rectangular or profile shapes, whether laminated or not, and whether rigid or flexible including lay flat tubing's and polyvinyl chloride sheets Revenue 100 per cent. ad valorem. .. .. .. N. D. P. NAMBOODIRIPAD, Joint Secy. to the Govt. of India