SCH-02 - Second Schedule - Finance Act, 1972

THE SECOND SCHEDULE [See section 61] PART I In the First Schedule to the Tariff Act, in Item No. 28(28)(b), for each of the entries in the fifth and sixth columns, 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. 2(5) (b), the following Item shall be substituted, namely:- 22(5) (b) Drugs and medicines containing spirit Preferential revenue Rs. 14.40 per liter or 60 per cent. ad valorem whichever is higher, plus Rs. 5.00 Rs. 14.40 per liter or 60 per cent. ad valorem, whichever is higher, plus Rs. 5.00 Rs. 14.40 per liter or 60 per cent. ad valorem whichever is higher, Rs. 5.00 per liter ..