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of <h1>Finance Act 1984: Tobacco and Tyre Duty Rates Updated; Key Items Omitted from Central Excises Act Schedule.</h1> The Third Schedule of the Finance Act, 1984, amends the Central Excises Act by omitting specific items and revising duty rates. Part I removes Items 1F, 11B, 22D, 23D, and 24 from the First Schedule. Part II updates duty rates for manufactured tobacco and tyres. Chewing tobacco is taxed at 30% ad valorem. Tyres for motor vehicles and agricultural equipment have specified rates, with motor vehicle tyres ranging from fifty to one thousand five hundred rupees per tyre, and tubes and flaps taxed at varying ad valorem rates. Magnetic tapes are taxed at 25% ad valorem, excluding cassette tapes.
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