Finance Act 1968 Schedule IV - Bare Act |
| State | Central Government |
| Year | 1968 |
| Section Title | Fourth Schedule |
The Fourth Schedule
(See section 34)
Part I
In the First Schedule to the Tariff Act, in Item No. 22(4)(a), for the entry in the forth column, the entry "Rs. 45 per litre or 170 per cent. ad valorem, whichever is higher", shall be substituted.
Part II
referential rate of duty if the article is the produce or manufacture of
| Preferential rate of duty if the article is the produce or manufacutre of | ||||||
| Item No. | Name of article | Nature of duty | Standard rate of duty | The United Kindgdom | A British Colony | Duration of protective rates of duty |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| In the first Schedule to the Tariff Act, for Item No. 9(3), the following Item shall be substituted, namely :- | ||||||
| cardamoms, cassia, cinnamon, cloves, nutmegs and pepper | ||||||
| (a) Cloves | Preferential Revenue | Rs, 18 per kilogram | Rs. 18 per kilogram less 7 per cent ad valorem. | |||
| (b) Casssia and cinnamon | Preferential Revenue | Rs. 20 per kilogram | Rs. 20 per kilogram less 7 per cent ad valorem | |||
| (c) Others | Preferential Revenue. | 92 per cent. ad valorem |