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of <h1>Finance Bill 2017: Customs and Excise Duty Rate Adjustments on Cashew Nuts, Aluminum Ores, LNG, and Tobacco Products.</h1> The Finance Bill, 2017 introduced changes to the Customs and Central Excise laws, including adjustments to duty rates effective from February 1-2, 2017. Key amendments include increased customs duty on cashew nuts and export duty on aluminum ores, reduced duty on liquefied natural gas, and various duty adjustments on chemicals and industrial materials. Excise duty changes affect tobacco products with increased rates and adjustments for solar tempered glass and LED components. Legislative changes involve amendments to the Customs Act, including definitions and procedural updates. The document emphasizes smooth implementation and encourages feedback for clarification.
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