Section 3 - Amendment of Act 1 of 1944 - Finance (No. 2) Act, 1974

3. Amendment of Act 1 of 1944. The Central Excises and Salt Act, 1944 (hereinafter referred to as the Central Excises Act) shall be amended in the manner specified in the Schedule. THE SCHEDULE (See section 3) PART I In the First Schedule to the Central Excises Act,- (i) in Item No. 4 under II. Manufactured tobacco- , for the entry in the third column against sub-item (2), the entry Two hundred and fifty per cent. ad valorem. shall be substituted;. (ii) in Item No. 16, for the entries in the third column against sub-items (1) and (3), the entries Sixty per cent. ad valorem. and Twenty-five per cent. ad valorem. shall, respectively, be substituted; (iii) in Item No. 16A, for the entry in the third column against sub-item (1), the entry Sixty per cent. ad valorem. shall be substituted; (iv) in Item No. 23, for the entry in the third column, the entry Thirty per cent. ad valorem. shall be substituted; (v) in Item No. 23C, for the entry in the third column, the entry fifteen per cent. ad valorem. shall be substituted; (vi) in Item No. 25, for the entry in the third column, the entry Seventy rupees per metric tonne. shall be substituted; (vii) in Item No. 26A, for the entries in the third column against sub-items (1), (la), (2) and (3), the entries Four thousand rupees per metric tonne. , Four thousand rupees per metric tonne. , Four thousand and five hundred rupees per metric tonne. and Twenty per cent. ad valorem. shall, respectively, be substituted; (viii) in Item No. 26B, for the entries in the third column against sub-items (1), (2) and (3), the entries One thousand and five hundred rupees per metric tonne. , One thousand and eight hundred rupees per metric tonne. and Twenty per cent. ad valorem. shall, respectively, be substituted; (ix) in Item No. 32, for the entries in the third column against sub-items (1), (2), (3) and (4), the entries Twenty-five per cent. ad valorem. , Forty per cent. ad valorem. , Fifteen per cent. ad valorem. and Thirty per cent. ad valorem. shall, respectively, be substituted. PART II Item No. Description of goods Rate of duty (1) (2) (3) In the First Schedule to the Central Excises Act, for Item No. 14AA, the following Item shall be substituted, namely:- 14AA CHEMICALS, THE FOLLOWING, NAMELY: (1) Calcium carbide, bleaching paste and bleaching powder, sodium hydro-sulphite, bicarbonate of soda, bichromates of potassium or sodium, hydrogen peroxide and potassium permanganate. Ten per cent ad valorem (2) Caprolactam and dimethyl terephthalate. Fifty per cent. ad valorem. .