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of <h1>Finance Bill 2014 updates excise duties for tobacco and standardizes measurement units in multiple chapters of tariff classifications.</h1> The Eighth Schedule of the Finance (No. 2) Bill, 2014, amends the First Schedule to the Central Excise Tariff Act, 1985. In Chapter 24, various changes are made to tariff items related to tobacco products, adjusting excise duties to percentages or specific amounts per thousand units. Chapters 40, 41, 49, 73, 82, 83, 84, 85, 90, and 91 see changes in measurement units for tariff items, with entries being replaced by 'kg,' 'u,' or 'm' as applicable. These amendments standardize and update the tariff classifications and duties for various goods.
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