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of <h1>Finance Act 2007 amends Customs Tariff Act, revising duty rates; key changes in Chapters 21, 22-97, impacting various goods.</h1> The Finance Act, 2007, amends the Customs Tariff Act by altering duty rates for various tariff items across multiple chapters. In Chapter 21, the tariff for sub-heading 2106 90 is set at 150%. Chapters 22 to 97 see numerous changes, predominantly setting tariffs at 10% for most items, with exceptions like Chapters 74, 75, 76, 78, 79, 80, and 81, where some items have a 5% tariff. Specific items in Chapters 84, 85, and 90 have tariffs adjusted to 7.5%. These amendments affect a wide range of goods, including textiles, chemicals, metals, and machinery.
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