# The Finance Act, 2023, Section Second Schedule: Second Schedule

- Act: The Finance Act, 2023 (Act 8 of 2023)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2023/section/Second%20Schedule/

## Text

THE SECOND SCHEDULE [See section 135 (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 29,— (i) | for the entry in column (4) occurring against tariff item 2902 50 00, the entry "2.5%" shall be substituted; (ii) | for the entry in column (4) occurring against tariff item 2903 21 00, the entry "2.5%" shall be substituted; (2) in Chapter 40, for the entry in column (4) occurring against all the tariff items of heading 4005, the entry "25% or Rs. 30 per kg., whichever is lower" shall be substituted; (3) in Chapter 71,— (i) | for the entry in column (4) occurring against all the tariff items of headings 7113 and 7114, the entry "25%" shall be substituted; (ii) | for the entry in column (4) occurring against all the tariff items of heading 7117, the entry "25% or Rs. 600 per kg., whichever is higher" shall be substituted; (4) in Chapter 84, for the entry in column (4) occurring against tariff item 8414 60 00, the entry "15%" shall be substituted; (5) in Chapter 87, for the entry in column (4) occurring against tariff item 8712 00 10, the entry "35%" shall be substituted; (6) in Chapter 95, for the entry in column (4) occurring against all the tariff items of heading 9503, the entry "70%" shall be substituted.

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