Government-to-government exemption: transactions between national governments are excluded from this Act's application under the statute. Section 51 provides a government-to-government exemption by stating that the Act does not apply to transactions between the Government of India and the ... Summary
Government-to-government exemption: transactions between national governments are excluded from this Act's application under the statute.
Section 51 provides a government-to-government exemption by stating that the Act does not apply to transactions between the Government of India and the government of any foreign country or territory, creating a categorical statutory exclusion that removes such intergovernmental transactions from the Act's regulatory scope and obligations.
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