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of <h1>Amendments to Customs Tariff Act: New Tariff Items, Reclassifications, and Updated Duty Rates Across Multiple Categories</h1> The Fourth Schedule of the Finance Act, 2021, details amendments to the Customs Tariff Act, affecting various chapters and headings. Key changes include the introduction of new tariff items, reclassification of goods, and updates to duty rates across multiple categories such as edible insects, aquatic products, dairy and vegetable products, oils and fats, textiles, metals, machinery, electronics, and vehicles. Notable amendments include the classification of new products like microbial fats, prefabricated buildings, unmanned aircraft, and flat panel display modules. The schedule also revises definitions and notes related to specific goods, enhancing clarity and compliance with international trade standards.
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