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<h1>Finance Act 1982 amends excise duty on medicinal and toilet preparations to 100% ad valorem or Rs. 13.20/litre.</h1> In the Finance Act of 1982, an amendment was made to the Medicinal and Toilet Preparations (Excise Duties) Act of 1955. Specifically, in the schedule of this Act, Item No. 4 was revised. The previous entry in the third column is replaced with a new provision stating that the excise duty will be either one hundred percent ad valorem or thirteen rupees and twenty paise per litre of pure alcohol content, whichever is higher.