SCH-02 - Second Schedule - Finance Act, 1974

THE SECOND SCHEDULE (See section 21) PART I In the First Schedule to the Central Excises Act, - (i) in Item No. 1A, for the entry in the third column against each of the sub-items (1) and (4), the entry Ten per cent. ad valorem. shall be substituted; (ii) in Item No. 11A, for the entry in the third column against each of the sub-items (1) and (3), the entry Twenty per cent. ad valorem plus four hundred rupees per metric tonne, shall be substituted; (iii) in Item No. 15AA, for the entry in the third column, the entry Fifteen per cent. ad valorem, shall be substituted; (iv) in Item No. 17, - (a) in sub-item (2), after the words cartridge paper, , the words waxed paper, polyethylene coated paper, shall be inserted; (b) for the entries in the third column against sub-items (1), (2), (3) and (4), the entries Three rupees per kilogram. , One rupee and twenty paise per kilogram. , Sixty paise per kilogram. and One rupee and twenty paise per kilogram. shall, respectively, be substituted; (v) in Item No. 23A, for the entry in the third column against each of the sub-items (1) and (4), the entry Twenty-five per cent. ad valorem. shall be substituted; (vi) in Item No. 23B, for the entries in the third column against sub-items (1), (2) and (3), the entries Twenty-five per cent. ad valorem. , Thirty per cent. ad valorem. and Thirty per cent. ad valorem. shall, respectively be substituted; (vii) in Item No. 29A, for the entries in the third column against sub-items (1), (2) and (3), the entries Seventy-five per cent. ad valorem. , Seventy-five per cent. ad valorem. and One hundred per cent. ad valorem. shall, respectively, be substituted; (viii) in Item No. 31, for the entry in the third column against sub-item (1), the entry Twenty-five per cent. ad valorem. shall be substituted; (ix) in Item No. 33D, for the entry in the third column, the entry Fifteen per cent. ad valorem. shall be substituted; (x) in Item No. 34, for the entries in the third column against sub-items (1), (2), (3) and (4), the entries Ten per cent. ad valorem. , Twenty-five per cent. ad valorem. , Forty per cent. ad valorem. and Fifteen per cent. ad valorem. shall, respectively, be substituted; (xi) in each of the Items Nos. 46, 49, 50 and 51, for the entry in the third column, the entry Fifteen per cent. ad valorem. shall be substituted. PART II Item No. Description of goods Rate of duty (1) (2) (3) In the First Schedule to the Central Excises Act, - (i) after Item No. 14F, the following Item shall be inserted, namely :- 14FF. TOOTH-PASTE (INCLUDING DENTAL CREAM). Ten per cent. ad valorem. ; (ii) after Item No. 28, the following Item shall be inserted, namely :- 28A. ELECTRICAL STAMPINGS AND LAMINATIONS, ALL SORTS. Ten per cent. ad valorem. ; (iii) after Item No. 37A, the following Item shall be inserted, namely :- 37AA. TAPE RECORDERS (INCLUDING CASSETTE RECORDERS). Rupees two hundred and fifty each. ; (iv) for Item No. 37C, the following Item shall be substituted, namely :- 37C. PHOTOGRAPHIC APPARATUS AND GOODS, THE FOLLOWING, NAMELY:- (1) Photographic cameras, Twenty per cent. ad valorem. (2) Sensitized papers (including Diazotype papers) and sensitised paper boards. The duty for the time being leviable on the base paper or paper board, as the case may be, if not already paid, plus ten per cent. valorem. ; (v) after Item No. 51, the following Item shall be inserted, namely :- 51A. CUTTING TOOLS, THE FOLLOWING, NAMELY :- (1) Files and rasps (2) Hacksaw blades (3) Twist drills (4) Reamers (5) Milling cutters. Ten per cent. ad valorem. ; (vi) the following Item shall be inserted at the end, namely :- 66. PERMANENT MAGNETS. Explanation : The expression permanent magnet shall include any piece of hard steel, special alloy or other material, recognizable by its composition and shape, as being intended to become permanent magnet after magnetising. Fifty per cent. ad valorem. .