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<h1>Legislative Amendment Revises Financial Statutes, Retroactively Modifying Finance Act Provisions with Comprehensive Fiscal Adjustments</h1> A legislative amendment to the Finance Act of 1979 and Finance (No. 2) Act of 1996, enacted by the Parliament of India in its forty-ninth year. The Act, numbered 16 of 1998, was published on 7th July 1998 and retroactively came into force on 16th September 1997, focusing on modifying existing financial legislation.