Commission allowance for prior-year tea sales permitted without monetary ceiling, modifying prior instruction on remittances. The Government amended Instruction No. 876 to permit commission payments on Indian tea sales for the prior year to be allowed on the same basis as the earlier year without any monetary ceiling, following a representation by the Indian Tea Association against retrospective limitation and a Reserve Bank request for documentation of U.K. office expenses.
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Provisions expressly mentioned in the judgment/order text.
Commission allowance for prior-year tea sales permitted without monetary ceiling, modifying prior instruction on remittances.
The Government amended Instruction No. 876 to permit commission payments on Indian tea sales for the prior year to be allowed on the same basis as the earlier year without any monetary ceiling, following a representation by the Indian Tea Association against retrospective limitation and a Reserve Bank request for documentation of U.K. office expenses.
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