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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2003: Tariff Hikes on Edibles, Customs Duty Adjustments, Excise Exemptions for Textiles, and More Effective April 30.</h1> The Finance Bill, 2003 introduces several amendments effective from April 30, 2003. Key changes include an increase in tariff rates for certain edible products, adjustments to customs duties on various goods, and expanded definitions affecting service taxes. Notably, customs duties on RBD palm oil and other items have been reduced, while excise exemptions and reductions are provided for specific textile products and refined edible oils. Additionally, certain goods, including nicotine gum and hand pumps, are now exempt from central excise duty. The amendments also include provisions to prevent harassment of small textile units and ensure compliance with duty exemptions.
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