Finance Act,(Rate) 1953

Item No.

Name of article

Nature of duty

Standard rate of duty

The United Kingdom

A British Colony

Duration of protectiverates of duty

I

Animals, living, all sorts not otherwise specified

………

Free

……

……

 

I (1)

Horses of a value exceeding Rs.2,000 each

Revenue

20 per cent.ad valorem

……

……

 

9 (5)

Betel-nuts …..

Preferent al Revenue.

10 annas per lb.

…….

9 ½ annas per lb.

 

19

Biscuits ….

Revenue

66 2/3 percent. ad valorem

…….

…….

 

19 (1)

Milk foods for infants and invalids, canned or bottled

Revenue

17 ½ per cent, ad valorem

……

……

 

19 (2)

Patent foods for infants and invalids, canned or bottled [other than milk foods falling under item 19 (1), and not containing cocoa or chocolate.]

Revenue

17½ percent ad valorem

……

…….

 

19(3)

Cakes and farinaceousand patent foods, cannedor bottled, not otherwisespecified.

Revenue.

31 ¼ percent.advalorem

…….

…….

 

20

Vegetable product,pickles, chutnies, sauces,ketchups and condiments,canned or bottled.

Revenue.

66 2/3percent advalorem

…….

……

 

20(1)

Fruit juices, squashes,cordials and syrups nototherwise specified:-

Revenue

55 per cent ad valorem

 

 

 

(a)manufactured in a British colony.

Revenue

65 per cent.ad valorem

…….

…….

 

(b)not manufactured in a British colony

 

 

 

 

 

20(2)

Vegetables, canned orbottled, the following ,namely:- tomatoes,potatoes, onions andcauliflowers.

Preferental Revenue

65 per centad valorem

……..

55 percent advalorm

 

20(3)

Fruits, canned or bottledor otherwise packed nototherwise specified:-

Protective

55 per cent ad valorem

……..

…….

December 31st 1953

(a)manufactured in aBritish colony.

Protective

65 percent ad valorem

……..

…….

December 31st 1953

(b)not manufactured in a British colony.

.

 

 

 

 

21

Canned or bottled provisions not otherwise specified

Revenue

66 2/3 per cent ad valorem

…….

 

 

28 (14)

Toilet requisites not otherwise specified.

Revenue

66 2/3 per cent advalorem

……..

 

 

28 (26)

Pencillin in bulk …

Preferent al Revenue

20 per cent ad valorem

14 per cent advalorem

14 per cent advalorm

 

28(26A)

Pencillin and its productsnot otherwise specified

Preferent al Revenue

30 per cent ad valorem

24 per cent advalorem

24 per cent advalorm

 

28(27)

Antibiotics such as Streptomycin, gramicidin, tyrocidine and tyrothricin

Preferent al Revenue.

20 per cent. advalorem

14 per cent advalorem

14 per cent advalorem

 

28(28)

Sulpha drugs and vitamin preparations other than fish-liver oil.

Preferent al Revenue

20 per cent.advalorem

14 per cent advalorem

14 per cent advalorem

 

30(7)

Lead pencils ….

Protective

8 annas per dozen or 66 2/3 per cent.ad valorem, which ever is higher.

……..

…….

December 31st 1953.

31 (5)

Perfumery, not otherwise specified

Revenue

66 2/3 per cent.ad valorem

……..

…….

 

44(7)

Newspapers, old, packed in bales, bags or otherwise.

Revenue

66 2/3 per cent ad valorem

………

 

 

45(4)

Coloured and copying pencils

Protective

66 2/3 per cent advalorem

……..

…….

December 31st 1953.

45(5)

Fountain pen ink

Protective

66 2/3 per cent advalorem

……

….

December 31st 1953.

48(1)

Fabrics, not otherwise specified, containing more than 90 per cent of artificial silk-

Protective

80 per cent ad valorem or 7 annas per quare yard,s

 

 

December 31st 1953.

 

(a)of British manufacture

Protective

whichever is higher.

 

 

 

 

(b)not of British manufacture

 

100 per cent.advalorem, or14 annas per square yard, whichever is higher

……

…….

December 31st 1953

48(3)

Cotton fabrics not otherwise specified, containing more than 90 per cent, of cotton-

 

 

 

 

 

 

(a)Grey piece goods (excluding bordered grey chadars, dhuties, saris andscarves)-

Revenue

65 per cent ad valorem

……..

……..

 

 

(i)of British manufacture

Revenue

100 per cent ad valorem

 

 

 

 

(ii)not of British manufacture

Revenue

 

……..

 

 

 

(b)Printed piece goods and printed fabrics-

 

60 per cent ad valorem

 

…….

 

 

(i)of British manufacture

 

100 per cent ad valorem

……..

 

 

 

(ii)not of British manufacture

Revenue

 

 

……..

 

 

(c)Cotton piece goods and fabrics not otherwise specified-

Revenue

60 per cent ad valorem

 

…….

 

 

(i)of British manufacture

 

100 per cent ad valorem

 

 

 

 

(ii)not of British manufacture

 

 

 

 

 

48(4)

Fabrics not otherwise specified, containing more than 10 per cent and more than 90 per cent silk-

Protective

100 per cent ad valorem

 

 

December 31st 1953

 

(a)containing more than 50 per cent silk or artificial silk or both

Protective

plus Rs.3 per lb.

 

 

 

 

 

(b)containing not more than 50 per cent silk or artificial silk or both:-

Protective

100 per cent ad valorem or Rs.3 per

 

 

December 31 st 1953

 

(i)containing more than 10 percent artificial silk.

Protective

lb.Whichever is higher

……..

……..

December 31st 1953

 

(ii)containing no artificial silk or not more than 10 per cent, artificial silk.

 

100 per cent ad valorem

 

 

 

48(5)

Fabrics, not otherwise specified, containing no silk or containing not more than 10 per cent.silk but more than 10 per cent.and non more than 90 per cent, artificial silk-

 

 

 

 

 

 

(a)containing 50 per cent , or more cotton:-

Protective

80 per cent ad valorem or 5 ½ annas per square yard,

……..

…….

December 31st 1953

 

(i)of British manufacture

Protective

whichever is higher

 

 

 

 

(ii)not of British manufacture

Protective

100 per cent ad valorem II annas per square yard,

 

 

December 31st 1953

 

(b)containing no cotton or containing less than 50 per cent cotton-

Protective

whichever is higher

 

 

December 31st 1953

 

(i)of British manufacture

 

80 per cent ad valorem

 

……….

December 31st 1953

 

(ii)not of British manufacture

 

7 annas per annas per square yard, whichever is higher 100 per cent ad valorem or 14 annas per square yard, whichever is

 

 

 

48(7)

Fabrics, not otherwise specified, containing not more than 10 per cent, silk or 10 per cent. artificial silk or 10 per cent.

 

 

 

 

December 31st 1953.

 

wool, but containing more than 50 per cent.cotton and not more than 90 per cent cotton-

Protective

70 per cent ad valorem

……..

……

December 31st 1953

 

(a)of British manufacture

Protective

100 per cent ad valorem

 

 

December 31st 1953

 

(b)not of British manufacture

 

 

 

 

 

48(8)

Fabrics, not otherwise specified, containing not more than 10 per cent silk or 10 per cent artificial silk or 10 per cent.wool or 50 percent, cotton.

Revenue

100 per cent ad valorem

…….

……

 

48(9)

The following cotton fabricates, namely, Sateens including Italians of sateen weave, velvets and velveteens and embroidered all-overs-

Revenue

80 per cent ad valorem

 

 

 

 

(a)printed fabrics-

Revenue

100 per cent.advalorem

 

 

 

 

(i)of British manufacture

Revenue

 

……

……..

 

 

(ii)not of British manufacture

 

 

 

 

 

 

(b)Other fabrics-

Revenue

 

……

…….

 

 

(i)of British manufacture

 

 

 

 

 

 

(ii)not of British manufacture

 

75 per cent ad valorem 100 per cent ad valorem

……

……..

 

10

Fabrics containing gold or silver thread.

Revenue

100 per cent ad valorem

…….

 

 

49(1)

Fents, being bona fide remnants of piece goods or other fabrics-

Preferent al revenue

75 per cent ad valorem

65 per cent advalorem

 

 

 

(a)of materials liable to duty under Item 48(3), not exceeding 4 yards in length.

Preferent al revenue

75 per cent ad valorem

 

 

 

 

(b)of materials liable to duty under Item 48, 48(1), 48(4) or 48(5), not exceeding 2 ½ yards in length.

Preferent al revenue

75 per cent ad valorem

65 per cent advalorem

……..

 

 

(c)of other materials not exceeding 4 yards in length

 

 

65 per cent advalorem

 

 

51

Socks and stockings made wholly or mainly from silk or artificial silk.

Revenue

100 per cent ad valorem

………

 

 

52

Apparel, hosiery, haberdashery, millinery and drapery, not otherwise specified.

Revenue

66 2/3 per cent advalorem

…….

 

 

54

Boots and shoes

Revenue

100 per cent ad valorem or Rs.1/8/- per cent, whichever is higher

…….

 

 

56

Parasols and Sunshades and fittings for umbrellas, parasols and sunshades.

Revenue

100 per cent ad valorem

……

 

 

56(1)

Umbrellas …

Revenue

100 per cent ad valorem or Rs.2 each, whichever is higher

……

 

 

59(2)

Earthenware, china and porcelain, all sorts not otherwise specified

Revenue

66 2/3 per cent advalorem

…….

 

 

59(3)

Earthenware, pipes and sanitary ware.

Revenue

66 2/3 per cent advalorem

…….

 

 

59(4)

Titles of earthenware and porcelain

Revenue

66 2/3 per cent.ad valorem or 8 annas per square foot whichever is higher.

……

 

 

59(5)

Domestic earthenware, china and porcelain, namely tea cups, coffee cups, saucers, tea pots, sugar bowls, jugs and plates of all kinds and sizes.

Revenue

66 2/3 per cent advalorem

…….

 

 

60

Glass and glassware, not otherwise specified.

Revenue

66 2/3 per cent advalorem

……..

 

 

61

Precious stones, unset and imported uncut, not otherwise specified, and pearls unset.

Revenue

20 per cent ad valorem

…….

 

 

61(a)

Emeralds, unset and imported uncut

……

Free

……..

 

 

75(1)

Motor cars, including taxi cabs imported completely assembled

Preferent al Revenue

75 per cent ad valorem

72 per cent advalorem

 

 

77(2)

Scientific and surgical instruments apparatus and appliances.

Revenue

25 per cent ad valorem

…….

 

 

83

Brushes all sorts

Revenue

66 2/3 per cent advalorem

……..

 

 

85

Buttons studs, and cuff links-

Protective

66 2/3 per cent advalorem

 

 

December 31st 1953

 

(a)made of metals other than gold or silver

Protective

 

 

 

 

 

(b)made of porcelain

 

66 2/3 per cent advalorem

……..

…….

December 31st 1953

 

(c)not otherwise specified, but excluding jewellery and articles made of glass or plated with told or silver or both.

Protective

66 2/3 per cent advalorem

 

 

December 31st 1953

86

Prints, engravings and pictures (including photographs and picture post cards), not otherwise specified.

Revenue

25 per cent ad valoredm

……..

 

………

86(1)

Art, works of, not otherwise specified.

Revenue

25 per cent ad valorem

………

 

 

 

In the First Schedule to the Indian Tariff Act, 1934-

 

 

 

 

 

 

(i) after Item No.28 the following Item shall be inserted, namely:-

 

 

 

 

 

28A

Patent or proprietarymedicines as defined inclause (d) of section 3 ofthe Drugs act, 1940(XXIII of 1940) notcontaining spirit and nototherwise specified(ii)after Item No.70(9),the following Items shallbe inserted, namely-

PreferentalRevenue

50 per centadv alorem

40 percent advalorem

40 percentadvalorm

 

70(10)

Door and window hinges and bolts

Revenue

66 2/3 per cent ad valorem

…….

 

 

70(11)

Locks, all kinds

Revenue

66 2/3 per cent advalorem

…….

 

 

 

(iii)after Item No.85(10 he following Item shall be inserted, namely:-

 

 

 

 

 

85(2)

Suit cases, trunks and bags not otherwise specified.

Revenue

66 2/3 per cent advalorem

……..

 

 

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Indian Laws – Bare Acts

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