SCH-02 - THE SECOND SCHEDULE - Finance Act, 2022

THE SECOND SCHEDULE [ See section 98( a )] In the First Schedule to the Customs Tariff Act, Tariff Item Description of goods Unit Rate of duty Standard Preferential (1) (2) (3) (4) (5) ( 1 ) in Chapter 15, for the entry in column (4) occurring against tariff item 1516 30 00, the entry 100% shall be substituted; ( 2 ) in Chapter 66, for the entry in column (4) occurring against all the tariff items of heading 6601, the entry 20% shall be substituted; ( 3 ) in Chapter 71, for the entry in column (4) occurring against all the tariff items of heading 7117, the entry 20% or ₹ 400 per kg., whichever is higher shall be substituted; ( 4 ) in Chapter 85, ( i ) for the entry in column (4) occurring against tariff items 8518 21 00, 8518 22 00, 8518 29 00, and 8518 30 00, the entry 20% shall be substituted; ( ii ) for tariff item 8524 11 00 and the entries relating thereto, the following shall be substituted, namely: 8524 11 00 - - Of liquid crystals 15% - ; ( iii ) for the entry in column (4) occurring against tariff item 8541 42 00, the entry 25% shall be substituted; ( iv ) for the entry in column (4) occurring against tariff item 8541 43 00, the entry 40% shall be substituted; ( v ) for the entry in column (4) occurring against tariff item 8541 49 00, the entry 40% shall be substituted; ( 5 ) in Chapter 90, ( i ) for the entry in column (4) occurring against tariff item 9028 30 10, the entry 25% shall be substituted; ( ii ) for the entry in column (4) occurring against tariff item 9028 90 10, the entry 20% shall be substituted.