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of <h1>Finance Act 1986: Tariff and Duty Rate Changes for Sugar, Beverages, Machinery, Textiles, Metals, and More.</h1> The Finance Act, 1986, amends various tariff headings in the Central Excise Tariff Act. Key changes include adjustments to tariffs and duty rates across multiple chapters, impacting goods ranging from excise duties on specific commodities like sugar, beverages, and chemicals to industrial products such as machinery, textiles, and metals. The amendments involve both percentage changes and specific duty amounts per unit, affecting the classification and taxation of goods. These modifications aim to update and streamline the tax structure, reflecting economic and industrial priorities.
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