Finance Act 1972 Revises Mineral Products Rates: 850 Rupees Per Kilolitre and Per Metric Tonne in Fifth Schedule Amendments.
The Fifth Schedule of the Finance Act, 1972, amends the Mineral Products Act by revising the specified rates in the table under section 3, sub-section (1). For item 3, the rate is updated to "Eight hundred and fifty rupees per Kilolitre at fifteen degrees of Centigrade thermometer." For item 7, the rate is changed to "Eight hundred and fifty rupees per metric tonne." These amendments adjust the financial obligations related to the specified mineral products.
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