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of <h1>Finance Bill 2016 Proposes Amendments to Customs Tariff Act 1975, Adjusting Duty Rates and Classifications for Various Goods.</h1> The Fourth Schedule of the Finance Bill, 2016, proposes amendments to the Customs Tariff Act, 1975, primarily focusing on tariff classifications and duty rates for various goods. Changes include the adjustment of tariff descriptions and duty rates for fish, chemicals, textiles, vehicles, and other goods. The amendments aim to update classifications, align with international standards, and adjust duty rates for specific products. Key changes involve the inclusion of new tariff items, modification of existing ones, and clarification of product descriptions across multiple chapters, impacting a wide range of industries from agriculture to technology.
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