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of <h1>Finance Bill 2022: Customs Tariff Act Updates Duty Rates on Seafood, Textiles, and Chemicals; Vannamei Shrimp at 10%</h1> The Third Schedule of the Finance Bill, 2022, outlines amendments to the Customs Tariff Act, adjusting duty rates on various goods across multiple chapters. Key changes include setting duty rates for specific seafood, agricultural products, textiles, and chemicals. Notably, duties on certain seafood like Vannamei shrimp are set at 10%, while others like Indian white shrimp are at 30%. Textile duties vary, with some items like Lucknow Chikan craft receiving specific rates. Additionally, amendments introduce new notes and definitions for certain goods, ensuring clarity in classification and duty application.
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