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of <h1>Finance Bill 2022 amends tariff item for petroleum crude in Finance Act 2001, setting duty at 50 per tonne.</h1> In the Ninth Schedule of the Finance Bill, 2022, an amendment is made to the Seventh Schedule of the Finance Act, 2001. The tariff item 2709 20 00 is replaced with a new tariff item 2709 00 10, which pertains to petroleum crude. The description of goods is specified as petroleum crude, measured in kilograms, with a rate of duty set at 50 per tonne.
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