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of <h1>Finance Act, 1987: Enacted by Indian Parliament to implement financial proposals for fiscal year 1987-88, effective April 1, 1987.</h1> The Finance Act, 1987, enacted by the Indian Parliament, received presidential assent on May 12, 1987. It implements the financial proposals of the Central Government for the fiscal year 1987-88. The Act is officially titled the Finance Act, 1987, and its provisions, except where specified otherwise, took effect from April 1, 1987.
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