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<h1>Finance Act 2012: Changes in Customs Tariff Act Affect Tobacco, Iron Ore, Printed Paper, Metal Scraps, and Tariff Rates</h1> The First Schedule to the Customs Tariff Act, as amended by the Finance Act, 2012, introduces changes in various chapters. In Chapter 24, the specified measurement for certain tobacco products is updated from '60 millimetres' to '65 millimetres.' Chapter 26 revises tariff classifications for iron ore and fines based on iron content, setting a uniform duty rate of 10%. Chapter 48 adds a note regarding the classification of printed paper products. Chapters 74, 75, 76, 78, and 79 update descriptions and classifications of various metal scraps and products, incorporating ISRI code words. Chapter 87 adjusts duty rates for specific tariff items.