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<h1>Amendment to Customs Tariff Act: Clause 127 proposes changes to Second Schedule effective May 1, 2023.</h1> Clause 127 of the Finance Bill, 2023, proposes an amendment to the Second Schedule of the Customs Tariff Act. This amendment, effective from May 1, 2023, aims to revise entries related to specific tariff items as detailed in the Fifth Schedule.