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of <h1>Finance Act 1966 Amends Excise Duties: Revised Rates for Tobacco, Synthetic Products, and Industrial Items in First Schedule.</h1> The Finance Act of 1966 amends the Central Excises and Salt Act, 1944, specifically altering the First Schedule. Key changes include revised duty rates for various items: Item 1 now has rates of thirty rupees and fifty paise and fifteen rupees per quintal; Item 4 adjusts rates for unmanufactured and manufactured tobacco; Item 9 sets a rate of one hundred and ninety-five rupees per metric tonne; and new items like synthetic organic products and organic surface-active agents are introduced with specific ad valorem rates. Additional modifications involve adjustments to entries for items such as wires, cables, and certain industrial products.
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