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of <h1>Finance Act 1985: Customs Tariff Revisions for Headings 27.09, 84.51/55, and 84.62 Adjust Tariff Rates.</h1> The Second Schedule of the Finance Act, 1985, amends the First Schedule of the Customs Tariff Act. It modifies tariff rates for specific headings and sub-headings. For Heading No. 27.09, the tariff rate is changed to 20%. Sub-heading No. (2) of Heading No. 84.51/55 is adjusted to 200%. In Heading No. 84.62, sub-heading No. (1) is revised to 100% plus Rs. 100 per bearing, while sub-headings No. (2) and (3) are updated to 200% plus Rs. 100 per bearing.
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