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<h1>Finance Act 2002 Implements Central Government's Financial Proposals for Fiscal Year 2002-2003; Sections 2-116 Effective April 1, 2002.</h1> The Finance Act, 2002, was enacted by the Parliament of India to implement the financial proposals of the Central Government for the fiscal year 2002-2003. It is officially titled the Finance Act, 2002, and, unless specified otherwise within the Act, its sections 2 to 116 are considered effective from April 1, 2002.