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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Finance Act 2003 amends service tax rules: Updates clauses for factories and companies, removes clause (viii). Effective Nov 1997.</h1> The Twelfth Schedule of the Finance Act, 2003, as referenced in Section 160(1), details amendments to a notification from November 5, 1997, concerning service tax. The amendments replace clauses (i) and (ii) in the notification's opening paragraph. Clause (i) now includes any factory under the Factories Act, 1948, excluding those registered as small-scale industries. Clause (ii) pertains to companies established under the Companies Act, 1956, excluding private limited companies solely engaged in trading. Additionally, clause (viii) is removed. These changes took effect on November 16, 1997.