THE FIRST SCHEDULE
[SeeSection 3 (1)]
| S.No. | Name of the produce. | The maximum rate at which duty of customs may be collected. | Actual rate at which duty of customs is to be collected until a different rate is specified by the Central Government. |
| 1 | 2 | 3 | 4 . |
| 1 | Lac produced in India. | Rupees two and thirty paise per quintal | Rupees two and thirty paise per quintal. |
| 2 | Refuse lac produced in India | Rupee one and seventy paise per quintal. | Rupee one and seventy paise per qaintal. |
| 1 [3 | Cashew Kernal. | 11/2 per cent, of the tariff value. | " 1 per cent, of the tariff value."] |
2 [Explanation.--Inthis Schedule, the expression "tariff value" has the meaning assignedto it in the Customs Act. 1962.]
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1.Inserted by the Procedure Cases (Amendment) Act,1966 (49 of 1966), Section 6(15-12-1966).
2. Added by theProcedure Cases (Amendment) Act, 1966 (49 of 1966), Section 6 (15-12-1966).