Unit deemed in International Financial Services Centre when storing bullion for issuance of bullion spot contracts or depository receipts. Any Unit authorised under rule 19 to store bullion as the underlying asset for issuance of a bullion spot delivery contract or a bullion depository receipt with underlying bullion traded on a bullion exchange is deemed to be located in an International Financial Services Centre; key terms are defined by reference to the Government notification under the International Financial Services Centres Authority Act and a bullion exchange is a stock exchange in an IFSC recognised under the Securities Contracts (Regulation) Act.