Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Section 132A Excludes Certain Commodity Transactions in International Financial Services Centres from Chapter VII Provisions</h1> The Finance Act, 2013 is amended by the Finance Act, 2016 to include Section 132A, effective June 1, 2016. This section specifies that Chapter VII does not apply to taxable commodities transactions conducted by any individual on a recognized association within an International Financial Services Centre, provided the transaction is settled in foreign currency. The term 'International Financial Services Centre' is defined as per the Special Economic Zones Act, 2005.