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<h1>Finance Bill 2014 amends Central Excise Act: Raises appeal threshold to 2 lakh, simplifies Board Committee formation.</h1> Clause 95 of the Finance (No. 2) Bill, 2014, proposes amendments to section 35B of the Central Excise Act. The first amendment increases the threshold for the Tribunal's discretionary power to refuse appeal admissions from fifty thousand rupees to two lakh rupees. The second amendment allows the Board to form a Committee by issuing an order rather than requiring a notification in the Official Gazette. These changes aim to streamline processes related to indirect taxation under the Central Excise Act.