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of <h1>Finance Act 1990 Updates Excise Tariff: Revised Duties on Milk Powder, Spices, Cereals, and More in Third Schedule.</h1> The Third Schedule of the Finance Act, 1990, amends various chapters of the Central Excise Tariff Act, adjusting duties and descriptions for numerous goods. Notable changes include revised duty rates for sub-headings in chapters covering milk powder, spices, cereals, and various industrial materials, with rates ranging from 10% to 60% or specific amounts per unit. The amendments also clarify product descriptions and processes, such as those for textile and synthetic materials. Additionally, new entries for ethyl alcohol and mineral substances are introduced, specifying their respective duty rates.
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