<h1>Finance Bill 2017: Key Amendments and Exemptions in Customs, Excise, and Service Tax Regulations for 2017-18.</h1> The Finance Bill, 2017 introduces several amendments and exemptions across customs, central excise, and service tax regulations. Key changes include amendments to existing notifications, such as those from 2012 and earlier, affecting machinery, instruments, and auxiliary equipment. The central government has exempted various machinery items from customs and excise duties. Additionally, there are amendments to rules concerning tobacco packing machines and CENVAT credit. These changes are part of the broader budgetary updates for the fiscal year 2017-18, aimed at refining tax structures and providing clarifications on existing tax provisions.