Finance Act 1976 Schedule III

Section Text

The Third Schedule

[See section 34]

Part I

In the First Schedule to the Customs Tariff Act, -

(i) in Heading No. 51.01/03, for the entry in column (3), the entry "100% plus Rs. 20 per kilogram" shall be substituted;

(ii) in Heading No. 56.05/06, for the entry in column (3), the entry "100% plus Rs. 20 per kilogram" shall be substituted;

(iii) in Heading No. 74.01/02, for the entry in column (3), the entry "100%" shall be substituted;

(iv) in Heading No. 74.03, -

(1) in sub-heading No. (1), for the entry in column (3), the entry "100%" shall be substituted;

(2) in sub-heading No. (2), for the entries in columns (3) and (4), the entries "100%" and "90%" shall, respectively, be substituted;

(v) in Heading Nos. 74.04/05, and 74.06, for the entry in column (3), against each of them, the entry "100%" shall be substituted;

(vi) in Heading No. 74.07/08, in sub-heading No. (1), for the entry in column (3), the entry "100%" shall be substituted;

(vii) in Heading No. 74.09/19, for the entry in column (3), the entry "100%" shall be substituted.

PART II

Heading No.	Sub-heading No. and description of articles	Rate of duty		Duration when rates of duty are Protective
		Standard U.K.	Other preferential Areas
In the First Schedule to the Customs Tarrif Act,-
(i)	In Heading No. 29.01/45 after sub-heading No. (19), the following sub-heading shall be inserted, namely :-
"(20)	Caprolactam and Dimethyl terephthalate	150%	140%	.";
(ii)	for Heading No. 73.15, the following Heading shall be substituted, namely :-
"73.15	Alloy steel and high carbon steel in the forms mentioned in Heading Nos. 73.05/07 73.14
(1)	Not elsewhere specified	60%
(2)	Coils for re-rolling, strips, sheets and plates, of stainless steel	300%	.	."

Part III

In the Second Schedule to the Customs Tariff Act, in Heading No. 1, for the entry in column (3), the entry "Rs. 300 per quintal" shall be substituted.

PART IV

Heading No.	Depreciation of article	Rate of duty
(1)	(2)	(3)
In the Second Schedule to the Customs Tariff Act, the following heading shall be inserted at the end, namely :-
	"20 Groundnut
	(i) Groundnut Kernal	Rs. 800 per tonne.
	(ii) Groundnut in shell	Rs. 600 per tonne.".

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