 the indian tariff (amendment) bill, 1962(as introduced in lok sabra on 19th november, 1962)  the indian tariff (amendment) b1il, 1962 (as introduced in loic sabra) a billfurther to amend the indian tariff act, 1934 be it enacted by parliament in the thirteenth year of the republic of india as follows:-32 of 1934 ment 1 (1) this act may be called the indian tariff (amendment) act, short title' and  1962 i - s;:;::·~""!! commenc:os (2) it shall come into foree on the 1st day of january, 1m3 z in the indian tariff act, 1934, in the first schedule-amendmeat of fint lcbeduje (1) in item no 28 (20) ,-(u) in thetbird column headed "nature of duty", for tile word "protective", whereyer it·occurs, the !word "revenue" 10 shall be substituted; (b) for the entries in the fourth column, the entries "50 per cent ad valorem" shall be substituted; and (e) in the last column headed "duration ot protective rates of duty", th~ existing entries shall be omitted; 15 (z) in items nos 60(7" 64(5), 70a, 72(35), 72(36) and 72 (37), in the last column 'headed "duration of protective rates of duty", for the word, ftgures and letters "december 31st, 1962", wherever they occur, the word, figures and lettel'8 '1)ecember 31st, 1965" shall be substituted; (3) in item no 64(3),-(0) in the second column headed "name of article", for the words "copper rods, other than electrolytic copper rods", the words "extruded copper rods and sections other than electrolytic copper rods" shall be substituted; and 5 (b) in the last column headed "duration of protective ratel of duty", for the word, figures and letters "december 3lat, 1962", wherever they occur the word, figures and letters "december 31st, 1965" shall be substituted; (4) in items nos 67(2), 68(2), 68(4) and 82(3),-10 (0) in the third column headed "nature of duty", for the word' 'protectice", wherever it occurs, the word "revenue" shall be substituted; and (b) in the last column headed "duration of protective rates- of duty", the existing entries shall be omitted; 15 (5) after item no 68 (2), the following item shall be inserted, luliilely: -december 311t, 1965" ; 20 "68(2a) highly po-protective 35 per cent liibed zldc «l valor"" ibeetl for matldi proceu blocb (6) in item no 70(5),-(0) in the second column headed "name of article", for 2s the words j'brass rods", the words "extruded brass rods and sections", shall be substituted; and (b) in the last column headed "duration of protective rates of duty", for the word, figures and letters "december 31st, 1962", the word, figures and letters "december 31st, 1965" 30 hall be substituted; , (7) in item no 72 (2), the words "or zinc" appearing in ~, second column headed "name of article" shall be omitted - -  statement of objects and reasonsthe present bill seeks to amend the first schedule to the indian tariff act, 1934 (32 of 1934), in order to continue or discontinue protection to certain industries on the advice of the tariff commission |                                    |                         |                |     |        |       |    | 2    | the industries which will continue to be protected are:    ||------------------------------------|-------------------------|----------------|-----|--------|-------|----|-------|------------------------------------------------------------|| s,                              | it""                    | nrmtb,       | oj  | tari/i | n"", | oj | tm    | lrulri,try                                                 || no                                |                         |                |     |        |       |    |       |                                                            || i                                 | 60(7)                   | sheet 01       |  |        |       |    |       |                                                            || 2                                 |                         |                |     |        |       |    |       |                                                            || 64(3) [includlnl '"extruded copper | non-ferrous metals     |                |     |        |       |    |       |                                                            || scctloos" and escludids '"copper   |                         |                |     |        |       |    |       |                                                            || rods manufactured                  |                         |                |     |        |       |    |       |                                                            || by                                 |                         |                |     |        |       |    |       |                                                            || rollin,                            | pro-                    |                |     |        |       |    |       |                                                            || cess"]64(                         |                         |                |     |        |       |    |       |                                                            || ),                                 | (rllhly                 | polished zinc  |     |        |       |    |       |                                                            || sbeets for                         |                         |                |     |        |       |    |       |                                                            || dlaki08                            |                         |                |     |        |       |    |       |                                                            || pro\~j                            |                         |                |     |        |       |    |       |                                                            || blocka),                           |                         |                |     |        |       |    |       |                                                            || 70a                               |                         |                |     |        |       |    |       |                                                            || 70(5)                              | [includinl "cstruded    |                |     |        |       |    |       |                                                            || bras sections"                    |                         |                |     |        |       |    |       |                                                            || and                                |                         |                |     |        |       |    |       |                                                            || escludin,                          |                         |                |     |        |       |    |       |                                                            || "roded braa roda"]                |                         |                |     |        |       |    |       |                                                            || 3                                 | (35), 72(36»)lnd 72(37) | ball bearings |     |        |       |    |       |                                                            |3 the industries in respect of which protection will be discontinued from the 1st january, 1963 are: nam, of tm industry sit'ull no i 28(20) stearic acid and oleic acid 2 64(3) [copper rods manufactured copper rods manufactured ~by rollinl by rollina proc:eaa only] 67(2), il! ploccs8~lead sheets other than sheeta 68(2) 68(4) and 70(5) l[rolled ,t's for"teachests, zinc sheets not otherbras rod only) wise lpecified, zinc strips and 'rolled br •• arod -3 (3) pluues-pp mouldln powder manubhai shah new delhi; the 15th novembet, 1962 a blll further to amend the indian tariff act, 1934 (shri manubhai shah, minister of international trade in the ministry of commerce and industry) 