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of <h1>Finance Bill 2017: Clause 118 Proposes Revised Tariff Rates in Central Excise Tariff Act, 1985</h1> Clause 118 of the Finance Bill, 2017 proposes an amendment to the First Schedule of the Central Excise Tariff Act, 1985. This amendment involves revising the tariff rates for specific tariff items as detailed in the Fifth Schedule. The changes aim to update the existing tariff structure under the Central Excise Tariff Act to reflect the new rates.
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