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of <h1>Section 58 of Finance Act, 1964: Additional Customs Duty on Schedule Goods Until April 30, 1965, with Refund & Exemptions.</h1> Section 58 of the Finance Act, 1964, mandates a regulatory customs duty on goods listed in the First Schedule of the Tariff Act, effective from a date specified by the Central Government. The duty is either 25% of the rate specified in the schedule or 10% of the goods' value, whichever is higher. This duty is additional to any other customs duty and applies until April 30, 1965. The Customs Act, 1962 provisions, including those on refunds and exemptions, apply to this duty. Notifications issued under this section must be presented to Parliament.
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