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of <h1>Finance Act 1995: Customs Tariff Act Amendments Revise Duty Rates and Classifications for Goods Like Textiles and Electronics.</h1> The Finance Act, 1995, Third amendments to the Customs Tariff Act, adjusting tariff classifications and duty rates across various chapters. Key changes include redefinitions and reclassifications of goods such as poultry, meat, dairy products, textiles, chemicals, and machinery. New subheadings and tariff rates are introduced for items like industrial monocarboxylic fatty acids, electronic circuits, and integrated circuits. The schedule also revises duty rates for numerous goods, generally setting them at 50%, unless otherwise specified, and introduces new classifications for technological and industrial products, ensuring alignment with international standards and trade practices.
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