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of <h1>Customs Tariff Act, 1975 to be Amended via Finance Act, 1987: Updates on Indirect Taxes in Chapter IV.</h1> The Customs Tariff Act, 1975, will undergo amendments as outlined in the Second Schedule of the Finance Act, 1987. This amendment falls under Chapter IV, which deals with indirect taxes, specifically customs. The changes aim to update the statutory provisions governing customs duties and tariffs as part of the broader legislative framework for indirect taxation.
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