Section Text
The Second Schedule
(See section 31)
Part I
In the First Schedule to the Tariff Act, -
(i) in Item No. 47(2), for the entry in the fourth column, the entry "100 per cent. ad valorem Rs. 20.00 per kilogram" shall be substituted;
(ii) in Item No. 63(20A), for the figures "200" in the fourth column, the figures "300" shall be substituted;
(iii) in Item No. 64, for the figures "60" and "50" in the fourth and fifth columns, the figures "100" and "90" shall, respectively, be substituted;
(iv) in Item Nos. 64(1) and 64(2), for the figures "40" in the fourth column against each of them, the figures "100" shall be substituted;
(v) in Item Nos. 64(3) and 64(5), for the figures "50" and "60" in the fourth column against each of them, the figures "90" and "100" shall, respectively, be substituted;
(vi) in Item No. 64(4), for the figures "40", "30" and "30" in the fourth, fifth and sixth columns, the figures "100", "90" and "90" shall, respectively, 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, - | |||||||
| (i) | After Item No. 28 B, the following Item shall be inserted, ,namely :- | ||||||
| "28C. | Caprolactoam and Dimethylterephthalate | Revenue | 150 percent. Ad valorem | 140 per cent. ad vaorem | 140 per cent. ad valorem | .."; | |
| (ii) | For Item No. 63(30), the following Item shall be subsituted, namely :- | ||||||
| 63(30) | Alloy Steel and high carbon steel products, the following, namely ingots, blooms, billets, slabs, bars, flats. Rods, coils, angles shapes, sections, sheets plates, hoops stips and wire, but excluding articles specified in Item Nos. 63 (14A) and 63 (20A). | Revenue | 60 per cent. ad valorem | .. | .. | ||
Explanation I : This Item is to be taken to apply to the goods mentioned therein even though they may be covered by any other Item in this Schedule.
Explanation II : For the purposes of this Item, the expressions "alloy steel" and "high carbon steel" have the meanings respectively assigned to them in Note 1(d) and (e) of Chapter 73 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).