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of <h1>Pilgrims to Katasraj in Pakistan exempt from Foreign Exchange Conservation Tax under Finance Act 1987, Section 101.</h1> The central government, under section 101 of the Finance Act, 1987, has exempted individuals from paying the Foreign Exchange Conservation (Travel) Tax for pilgrimages to Katasraj in Pakistan. This exemption applies to the entire tax amount levied under Chapter V of the Act on any release of foreign exchange for this specific purpose. The decision, dated February 12, 1987, is deemed necessary and expedient by the authorities to facilitate foreign travel for religious purposes.
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