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of <h1>Finance Act 1994 Second Schedule Updates Customs Tariff Rates Across Various Chapters and Sub-headings</h1> The Second Schedule of the Finance Act, 1994, amends the Customs Tariff Act by altering tariff rates across various chapters and sub-headings. The amendments primarily involve substituting existing tariff percentages with new rates, such as 65%, 10%, 50%, and others, depending on the chapter and sub-heading. Specific sub-headings within chapters have unique adjustments, including reductions by specific amounts per kilogram or piece. The changes cover a wide range of goods, from agricultural products to industrial materials, and are intended to update the customs tariff structure.
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