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          <h1>Finance Bill 2022: Customs Tariff Act Amendments Adjust Duty Rates for Various Items Across Multiple Chapters</h1> The Second Schedule of the Finance Bill, 2022, amends various tariff rates in the Customs Tariff Act. In Chapter 15, the duty rate for tariff item 1516 30 00 is set at 100%. Chapter 66 sees a change to 20% for all items under heading 6601. Chapter 71 adjusts to '20% or 400 per kg., whichever is higher' for heading 7117. Chapter 85 revises rates for multiple items, including 20% for certain audio equipment, 15% for liquid crystals, and up to 40% for specific electronic components. Chapter 90 modifies rates to 25% and 20% for specified measuring instruments.

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