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<h1>Finance Bill 2024 Proposes Customs Tariff Changes: Chocolate Wafers at 30%, Aviation Fuel at 5%, Duty-Free Silicon Carbide</h1> The Fourth Schedule of the Finance (No. 2) Bill, 2024, proposes amendments to the Customs Tariff Act's First Schedule. Key changes include revising tariff items and duty rates for various goods. For example, waffles and wafers containing chocolate are set at a 30% duty rate. Blended aviation turbine fuel is defined and taxed at 5%. New entries for natural menthol and paracetamol are introduced with a 7.5% duty. Silicon carbide and gallium nitride films are duty-free. Armour for ballistic protection and architectural membranes are taxed at 25%. Various other goods, including hydraulic systems, mine plough machinery, e-bicycles, and patrol boats, have updated tariff classifications and duty rates.