SCH-02 - SECOND SCHEDULE - Finance Bill, 2023

THE SECOND SCHEDULE [See section 126 (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 29, (i) for the entry in column (4) occurring against tariff item 2902 50 00, the entry 2.5% shall be substituted; (ii) for the entry in column (4) occurring against tariff item 2903 21 00, the entry 2.5% shall be substituted; (2) in Chapter 40, for the entry in column (4) occurring against all the tariff items of heading 4005, the entry 25% or Rs. 30 per kg., whichever is lower shall be substituted; (3) in Chapter 71, (i) for the entry in column (4) occurring against all the tariff items of headings 7113 and 7114, the entry 25% shall be substituted; (ii) for the entry in column (4) occurring against all the tariff items of heading 7117, the entry 25% or Rs. 600 per kg., whichever is higher shall be substituted; (4) in Chapter 84, for the entry in column (4) occurring against tariff item 8414 60 00, the entry 15% shall be substituted; (5) in Chapter 87, for the entry in column (4) occurring against tariff item 8712 00 10, the entry 35% shall be substituted; (6) in Chapter 95, for the entry in column (4) occurring against all the tariff items of heading 9503, the entry 70% shall be substituted.