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<h1>Section 62 of Finance Act 1964: Imposes Additional 15% Excise Duty on Scheduled Goods Until April 30, 1965.</h1> Section 62 of the Finance Act, 1964, mandates a regulatory duty of excise at 15% on goods listed in the First Schedule of the Central Excises Act, effective from a date specified by the Central Government. This duty is in addition to existing excise duties and is intended for Union purposes, not distributed among States. The provision ceases after April 30, 1965, with actions prior unaffected. Central Excises Act provisions, including those on refunds and exemptions, apply to this duty. Notifications issued under this section must be presented to Parliament promptly.