 buuno " of 1"1 the mineral products (additional duties of excise and_customs) amendment bill, 1967 a billfurthe-r to amend the mineral products (additional duties of excise and customs) act, 1958 be it enacted by parliament in the eighteenth year of tho? republic of india as follows: -i 1 this act ld;ay be called the mineral products (additional duties short of excise and customs) amendment act, 1967 title s 2 in section 3 of the mineral products (additional duties of ex- amend-27 of cise and customs) act, 1958 (hereinafter referred to as the principal mentbf 1958 act), in sub-section (1), in the table,-sections (a) for items 2, 3 and 4 and the entries relating thereto, the following shall be substituted, namely:-10 "2 kerosene one hundred and sixty rupees per kiiolitre at fifteen degrees of centigrade thermometer 3 refined diesel ous and vaporiz-two hundred and ftfty rupees per in, oil kilolitre at fifteen del1'ee8 of centigrade thermometer 4 diesel oil, not otherwise sped-one hundred and fifty rupees per fled metric tonne"; s (b) for item 6 and the entries relating to it, the following shall be substituted, namely:-"6 asphalt and bitumen as des-one hundred rupees per metric ttibed in item no 11 (1) of tonne" the fint schedule to the 10 central excises and salt act, 1144 1 of 1944 3 (1) the mineral products (additional duties of excise and customs) amendment ordinance, 1966, is hereby repealed 12 of 1966  repeal and  v!q(2) notwithstanding such repeal, anything done or any action is taken under the principal act as amended by the said ordinance shall be deemed to have been done or taken under the principal act as amended by this act as if this act had come into force an the 15th day of decemberl 1966  statement of objects and reasonsthe mineral products (additional duties of excise and customs) act, 1958 was enacted for the purpose of levying and collecting additiqnal duties of excise and customs on certain mineral oils the act provides for ceiling rates within which effective rates are fixed by notification as a result of devaluation, the landed price in terms of rupees of imported products naturally increased to the extent of devaluation, and by virtue of the import price parity agreement with foreign refinery companies they became entitled to a corresponding increase in their selling prices of these products in fact, however, the cost to these refineries increased only in respect of the imported components of the products such as crude oil, processing chemicals, etc, which constituted only a proportion of the total cost there was, therefore, no reason to allow the refineries price increase to the full extent of the increase in the rupee landed cost of the products as a result of devaluation to mop up this difference it became necessary to enhance the rates of non-recoverable additional excise duties, and this was possible only if the ceiling rates provided in the act were raised the mineral products (additional duties of excise and customs) amendment ordinance, 1966 (12 ofl 1966), was accordingly promulgated on the 15th december, 1966 to amend the mineral products (additional duties of excise and customs) ad, 1958 2 the bill seeks to replace the mineral products (additional duties of excise and customs) amendment ordinance, 1966 new diiijfi; the 15th march, 1967 morarji desai  president's recommendation under articles 117 and 274 of the constitution of india[copy of letter no 8/82/66-cxiii/iii, dated the 15th march, 1967 from shri morarji desai, deputy prime minister to the secretary, lok sabha] the president having been informed of the subject matter of the bill further to amend the mineral products (additional duties of excise and customs) act, 1958 has recommended under article 117(1) of the constitution the introduction of the bill in the lok sabha [copy of letter no 8/82/66-ck-ili/iv, "dated the 15th march, 1967 from shri morarji desai, deputy prime minister to the secretary, lok sabha] the president has further recommended, under article 274(1) of the constitution, the introduction of the mineral products (additional duties of excise and customs) amendment bill, 1967 in the lok sabha  annexure extract from the mlneral products (aodmonal duties of excise and customs) ac:r, 1958 (27 of 1958)3 (1) there shall be levied and collected in respect of the goods mentioned in column 1 of the table hereunder duties of excise at such rates not exceeding those specified in relation thereto in column 2 of the said table as may be specifted by the central government by notification in the official gazette,-levy and collection of additional duties of excise on certain mineral oils | rate               | of additional       | duty       ||--------------------|---------------------|------------|| descriptlon        |                     |            || of                 |                     |            || goods              |                     |            || 2                  |                     |            || i                  |                     |            || -                  |                     |            || -                  |                     |            || -                  |                     |            || -                  |                     |            || 2                 | kerosene            |            || -                  |                     |            || eighty rupees      | per                 | kilolitre  || degrees            | of                  | centigrade || 3                 | refined diesel oils | and        || ing                | oil                | at         || mometer           |                     |            || 1                  |                     |            || of                 |                     |            || 1944              |                     |            || 4                 | diesel oil,         | not        || ded               |                     |            || -                  |                     |            || -                  | -                   |            || -                  |                     |            || -                  |                     |            || 6                 | asphalt             | and        || cribed in item no | 11                  | (1)        || of                 |                     |            || the                |                     |            || first              | schedule            | to         || excises            | and                 | salt       || -                  |                     |            || -                  |                     |            || -                  |                     |            || -                  |                     |            || -                  |                     |            | a bill further to amend the mineral products (additional duties of excise and customs) act, 1958,(shn' m orar); desai, deputy prime minister,) 