Tariff schedule amendment adds wrist wearable devices and expands 'parts' to include accessories, altering tariff headings. The Finance Act, 2016 amends the Third Schedule to the Central Excise Act by substituting specified serial entries with entries covering entire tariff headings for all goods, inserting new serial entries including an explicit listing for wrist wearable devices (commonly known as smart watches), and expanding the descriptive phrase 'Parts, components and assemblies' to 'Parts, components, accessories and assemblies' in two listings.