# The Finance Act, 2022, Section Second Schedule: Second Schedule

- Act: The Finance Act, 2022 (Act 6 of 2022)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2022/section/Second%20Schedule/

## Text

THE SECOND SCHEDULE [See section 98(a)] In the First Schedule to the Customs Tariff Act,— Tariff Item | Description of goods | Unit | Rate of duty Standard | Preferential (1) | (2) | (3) | (4) | (5) (1) in Chapter 15, for the entry in column (4) occurring against tariff item 1516 30 00, the entry "100%" shall be substituted; (2) in Chapter 66, for the entry in column (4) occurring against all the tariff items of heading 6601, the entry "20%" shall be substituted; (3) in Chapter 71, for the entry in column (4) occurring against all the tariff items of heading 7117, the entry "20% or Rs. 400 per kg., whichever is higher" shall be substituted; (4) in Chapter 85,— (i) | for the entry in column (4) occurring against tariff items 8518 21 00, 8518 22 00, 8518 29 00, and 8518 30 00, the entry "20%" shall be substituted; (ii) | for tariff item 8524 11 00 and the entries relating thereto, the following shall be substituted, namely:— "8524 11 00 | - - | Of liquid crystals 15% | - "; (iii) | for the entry in column (4) occurring against tariff item 8541 42 00, the entry "25%" shall be substituted; (iv) | for the entry in column (4) occurring against tariff item 8541 43 00, the entry "40%" shall be substituted; (v) | for the entry in column (4) occurring against tariff item 8541 49 00, the entry "40%" shall be substituted; (5) in Chapter 90,-- (i) | for the entry in column (4) occurring against tariff item 9028 30 10, the entry "25%" shall be substituted; (ii) | for the entry in column (4) occurring against tariff item 9028 90 10, the entry "20%" shall be substituted.

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