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<h1>Finance Act 1999: Excise Duty Updates Include Nil Rate for Dairy, Revised Rates for Beverages, Textiles, and Electronics.</h1> The Fourth Schedule of the Finance Act, 1999, details amendments to the Central Excise Tariff Act. It specifies changes in duty rates for various sub-headings across multiple chapters. Notably, the amendments include setting the duty rate to 'Nil' for certain dairy products, '16%' for numerous goods, and '24%' for select items, such as certain beverages and textiles. Additionally, specific goods like tea and television receivers have revised duty rates, with tea set at Rs. 2 per kilogram and televisions at 16% or Rs. 34,000 per set, whichever is higher. These changes aim to update and standardize excise duties across different product categories.