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<h1>Finance Act 1999 Enforces India's Fiscal Proposals for 1999-2000, Retroactive from April 1, Except Section 6(l)</h1> The Finance Act, 1999, enacted by the Parliament of India, received presidential assent on May 11, 1999. It aims to implement the Central Government's financial proposals for the fiscal year 1999-2000. The Act is officially cited as the Finance Act, 1999, and its provisions, except for clause (l) of section 6, are retroactively effective from April 1, 1999.