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of <h1>Finance Act 1973 Amends Central Excises Act: Tax Rate Changes for Coffee, Caustic Soda, Shaving Creams & More</h1> The Finance Act of 1973 introduces amendments to the Central Excises Act, modifying tax rates and clarifying definitions for various goods. Key changes include increasing the ad valorem duty on certain items like instant coffee, caustic soda, and shaving creams. New definitions and tax rates are specified for goods such as smoking mixtures, soaps, cotton fabrics, tool tips, wire ropes, carbon black, and rubber processing chemicals. Notably, the duty for smoking mixtures is set at 200% ad valorem, while other items see adjustments ranging from 10% to 25% ad valorem.
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