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of <h1>Finance Bill 2011 Revises Customs Tariff Act; New Export Tariff Schedule Sets Specific Duties for Various Goods</h1> The Sixth Schedule of the Finance Bill, 2011, amends the Customs Tariff Act by replacing the Second Schedule with a new Export Tariff schedule. This export duties for various goods, categorized by chapter, heading, sub-heading, or tariff item. The rates are specified either as a percentage or a fixed rate per unit of weight or volume. For example, coffee is taxed at Rs. 2,200 per quintal, tea at Rs. 5 per kilogram, and iron ore at 30%. The schedule includes a wide range of goods such as agricultural products, minerals, and metals, with specific duties applicable to each.
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