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Finance Act 1969 Schedule I

Title: First Schedule

State: Central

Year: 1969

.....company (i) on the income by way of dividends payable by an Indian company as is referred to in clause (a)(i) of sub-section (1) of section 80M of the Income-tax Act 14 per cent. Nil; (ii) on the income by way of dividends payable by any domestic company other than a company referred to in (i) hereinabove 24.5 per cent. Nil; (iii) on the income by way of royalties payable by an Indian concern in pursuance of an agreement made by it with the Indian concern after the 31st day of March, 1961, and which has been approved by the Central Government 50 per cent. Nil; (iv) on the income by way of fees payable by an Indian concern for rendering technical services in pursuance of an agreement made by it with the Indian concern after the 29th day of February, 1964, and which has been approved by the Central Government 50 per cent. Nil; (v) on the income by way of interest payable on a tax free security 44 per cent. Nil; (vi) on any other income 70 per cent. Nil. Part III Rates.....

Finance Act, 1969 Complete Act

State: Central

Year: 1969

.....DUTIES OF CUSTOMS - [This section dealt with levy of special duty on certain goods chargeable to customs duty specified in Schedule to Tariff Act, 1934, which Act is now repealed and replaced bythe Customs Tariff Act, 1975 (51 of 1975)] SECTION 28: REGULATORY DUTIES OF CUSTOMS (1) With a view to regulating or bringing greater economy in imports, there shall be levied and collected with effect from such date, and at such rate, as may be specified in this behalf by the Central Government by notification in the Official Gazette, on all or any of the goods mentioned in the First Schedule to the Tariff Act or in that Schedule as amended by a subsequent Central Act, if any, a regulatory duty of customs not exceeding -. (a) 25 per cent. of the rate, if any, specified in the said First Schedule read with any notification issued undersection 3A, or sub-section (1) ofsection 4, of the Tariff Act; or (b) 10 per cent. of the value of the goods as determined inaccordance with the provisions ofsection 14 of the Customs Act, 1962, whichever is higher: Provided that different dates and different rates may be specified by the Central Government for different kinds of goods. (2).....