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<h1>Finance Bill 2023: Customs Tariff Act Updates Tariffs in Chapters 40, 71, 88, and 98</h1> The Third Schedule of the Finance Bill, 2023, amends the Customs Tariff Act. In Chapter 40, the tariff for item 4011 30 00 is changed to 2.5%. Chapter 71 adjusts tariffs for various items, setting them at 10%. Chapter 88 modifies tariffs for items 8802 20 00, 8802 30 00, and 8802 40 00 to 2.5%. Chapter 98 revises descriptions for power projects, excluding solar power plants or projects from certain tariff benefits. These changes reflect adjustments in tariff rates and project classifications under the Customs Tariff Act.