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<h1>Finance Act 1975 Amends Excises Act: New Clause on Tobacco Manufacturing and Retroactive Duty Adjustments Effective from March 1, 1975.</h1> The Finance Act of 1975 amends the Central Excises and Salt Act, 1944. It introduces a new sub-clause in section 2, clause (f), specifying that activities related to manufactured tobacco, such as labeling, relabeling, repacking, or other treatments to make the product marketable, are included under the Act. Additionally, the First Schedule is amended as outlined in the Second Schedule. The amendment to Item No. 18 in the First Schedule is retroactively effective from March 1, 1975, allowing for refunds of duties collected and recoveries of duties not collected based on this amendment.