Central Government Can Exempt Foreign Travel Exchange Releases from Travel Tax Under Finance Act, 1987, Sec 101.
Section 101 of the Finance Act, 1987, grants the Central Government the authority to exempt certain foreign travel-related foreign exchange releases from the applicable travel tax. This exemption can be full or partial and is issued through a notification in the Official Gazette. The decision to exempt is based on the necessity or expediency, considering the purposes of the foreign travel and any special circumstances. The exemption is subject to conditions and limitations specified in the notification.
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