(2)In the Indian Tariff Act, 1934 (32 of 1934)-(a)for section 2, the following section shall be substituted, namely:-"2. Duties specified in the Schedules to be levied.-The rates at which duties of customs shall be levied under the Customs Act, 1962, are specified in the First and Second Schedules.";(b)sections 5 and 6 shall stand repealed.