SCHEDULE-B (Omitted w.e.f. 01-07-2017)
[See sections 2(26), 5 and 6]
LIST OF GOODS FOR WHICH THE RATE OF TAX IS 1% or 1.1% or 1.2%
Note.- The abbrevation % in relation to the rate of tax indicates that tax on goods to which the entry relates shall be charged on the basis of the sale price, the tax being equal to such percentage of the sale price as is indicated against the respective goods
Explanation.- For the purposes of this entry, an alloy of precious metal means a precious metal of fineness of not less than fifty percent.