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<h1>Finance Act 2024 amends Customs Tariff Act: New duty rates for goods like aviation fuel, silicon wafers, e-bikes.</h1> The Fourth Schedule of the Finance (No. 2) Act, 2024, amends the Customs Tariff Act, updating various tariff items, descriptions, and duty rates. Changes include modifications in chapters covering goods such as waffles, wafers, aviation turbine fuel, menthol, silicon wafers, ballistic protection armor, portable bridges, hydraulic systems, and e-bicycles. Specific tariff items have been redefined or introduced, with adjustments in duty rates ranging from 0% to 150%, depending on the item and its classification. Supplementary notes provide definitions for certain products, ensuring clarity in tariff application.