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of <h1>Finance Act 1963 Second Schedule Revises Tariff Rates for Medicines, Textiles, and Metals per Tariff Act First Schedule.</h1> The Second Schedule of the Finance Act, 1963, amends the First Schedule of the Tariff Act by revising various tariff rates and descriptions for specific items. Changes include substituting specific monetary values per kilogram, tonne, or linear meter, and altering ad valorem rates for numerous items, such as patent medicines, iron or steel bolts, and other goods. The amendments specify new rates for items like medicines, textiles, and metals, with adjustments ranging from fixed rupee amounts to percentage-based ad valorem duties, reflecting shifts in taxation policy and tariff regulation.
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