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<h1>Finance Act 2021 amends Customs Tariff Act: Updates tariff rates to 7.5% and 15% across multiple chapters.</h1> The Second Schedule of the Finance Act, 2021, amends the Customs Tariff Act by revising tariff rates across various chapters. Specifically, it updates the tariff rate to 7.5% for item 2803 00 10 in Chapter 28 and to 15% for several items in Chapters 39, 70, 71, 84, 85, 90, and 91. These changes affect various goods, including those under headings and sub-headings such as 3925, 7007, 7104, 8414, 8501, 8504, 8512, 8536, 8537, 8544, 9031, 9032, and 9104, indicating a uniform increase to 15% for most affected items.