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of <h1>Finance Act 2005: Eighth Schedule Updates Excise Tariffs, Redefines Manufacturing in Key Chapters, Affects Multiple Industries.</h1> The Eighth Schedule of the Finance Act, 2005, amends the Central Excise Tariff Act by specifying changes in tariff rates and definitions. In Chapter 15, refining processes for certain vegetable oils are classified as 'manufacture'. Chapter 17 updates the tariff for heading 1703 to Rs. 1,000 per tonne. Chapter 22 changes the tariff for item 2201 90 90 to 16%. Chapter 25 modifies the tariff for item 2523 10 00 to Rs. 350 per tonne. Chapter 27 revises tariffs for sub-heading 2710 11 and items 2710 19 30 and 2710 19 40, adding specific percentages and per litre charges. Additional amendments include definitional changes in Chapters 51, 52, 54, 55, 57, 58, 70, 71, and 90, affecting tariff classifications and manufacturing definitions.
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