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TypeBare Act JurisdictionCentral Government

Finance Act 1970 Schedule II

Second Schedule

~2 min read
https://sooperkanoon.com/act/25932

Bare act section · Research

About this section

Finance Act 1970 Schedule II is part of Finance Act 1970 - Second Schedule. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Section Text

The Second Schedule

(See Section 28)

Part I

In the First Schedule to the Tariff Act, -

(i) in Item No. 22(3), -

(1) for the entry in the fourth column against sub-item (a), the entry "Rs. 45.00 per litre." shall be substituted;

(2) for the entry in the fourth column against sub-item (b), the entry "Rs. 30.00 per litre." shall be substituted;

(ii) in Item No. 22(4), for the entry in the fourth column against sub-item (a), the entry "Rs. 60.00 per litre or 200 per cent. ad valorem, whichever is higher." shall be substituted;

(iii) in Item No. 73(23), for the entry in the fourth column, the entry "100 per cent. ad valorem." shall be substituted;

(iv) Item No. 82(4) and the entries relating thereto shall be omitted;

(v) in Item No. 87B, for the entry in the fourth column, against sub-item (i), 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 manufacutre 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 Intem No. 82(3), the following Item shall be substituted, namely:-

"82(3) (a)

Artificial or synthetic resins and plastic materials in any form, whether solid, liquid or pasty, or as powder, granules or flakes, or in the form of moulding powders.

Revenue

100 pe cent. ad valorem

(b)

Articles made of plastics, the following, namely:

Revenue

100 per cent. ad valorem.

(iii)

Tubes, rods, sheets, foils sticks, other rectangular or profile shapes, whether laminated or not, and whether rigid or flexible including lay flat tubings and polvinyl chloride sheets

Frequently asked questions

What does Finance Act 1970 Schedule II provide?

Section Schedule II of the Finance Act 1970 (Second Schedule) is reproduced on this page as part of the Finance Act 1970. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 1970 Schedule II?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1970 Schedule II. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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