Finance Act 1965 Amends Tariff Act: New Duties on Industrial Goods, 100% Duty on Some Passenger Baggage Items

The Finance (No. 2) Act, 1965, amends the First Schedule to the Tariff Act, specifying duties on various items. The amendments include ad valorem duties ranging from 40% to 100% on items such as machinery, instruments, and spare parts necessary for industrial, irrigation, power, mining, and exploration projects. Certain articles imported as passenger baggage are subject to a 100% duty, excluding motor vehicles, betelnuts, alcoholic drinks, and tobacco. The amendments provide preferential rates for goods from the UK and British colonies, with specific conditions for registration and importation under the Customs Act, 1962.