Excise rate adjustments for tobacco and specified goods impose uniform higher duty and remove certain tariff entries. The Finance Act, 2001 amends the Second Schedule to the Central Excise Tariff Act by substituting the duty entry against numerous specified sub-headings with 16%, expressly inserting sub-headings in Heading 24.04 to classify chewing tobacco and pan masala containing tobacco at 16%, and omitting specified sub-headings and their entries across various other headings, thereby removing those tariff entries from the Schedule.