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of <h1>Finance Act 2014 Amends Excise Duty on Tobacco Products and Updates Units of Measure for Various Tariff Items</h1> The Eighth Schedule of the Finance (No. 2) Act, 2014 amends the First Schedule of the Central Excise Tariff Act, 1985. In Chapter 24, it revises excise duty rates for various tobacco-related products, specifying percentages and per thousand rates for different tariff items. Several changes include substituting entries with specific rates or percentages, omitting certain tariff items, and renaming others. Additionally, in Chapters 40, 41, 49, 73, 82, 83, 84, 85, 90, and 91, the unit of measure for various tariff items is changed to 'kg,' 'u,' or 'm' as applicable.
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