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<h1>Finance Act 2023 Updates Customs Tariff Act: New Classifications, Duty Rates, and Notes for Goods Across Multiple Chapters.</h1> The Finance Act, 2023, amends the Customs Tariff Act's First Schedule, introducing changes in tariff classifications, duty rates, and explanatory notes for various goods. It updates the classification of articles with specific prefixes, revises the list of abbreviations, and modifies tariff items across multiple chapters, including Chapters 3, 4, 9, 10, 12, and others. The amendments cover a wide range of goods such as shark fins, cheeses, seeds, chemicals, textiles, and electronics, adjusting duty rates and descriptions. The Act also adds supplementary notes to clarify standards and specifications for certain items.