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          <h1>Finance Act 1996: Customs Tariff Act Amended, New Tariff Rates for Goods Updated from Free to 275%</h1> The Second Schedule of the Finance (No. 2) Act, 1996, amends the Customs Tariff Act by revising tariff rates for various goods across multiple chapters. Changes include adjustments to tariff percentages for specific sub-headings within chapters, affecting categories such as dairy, vegetables, fruits, spices, cereals, oils, chemicals, textiles, machinery, and more. The amendments specify new tariff rates ranging from free to 275%, with specific entries for certain sub-headings. These changes aim to update the customs duties applicable to a wide array of imported goods, reflecting the government's fiscal policy adjustments.

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