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    <description>The Seventh Amendment substitutes clause (a) of rule 6E of the Income-tax Rules, 1962 to provide that (i) insurance business relating to fire insurance or engineering insurance which provides insurance for terrorism risks shall be eligible for 100 per cent of the net premium income of such business of the previous year; and (ii) where the insurance business relates to fire insurance or miscellaneous insurance other than that covered in (i), 50 per cent of the net premium income of such business of the previous year shall apply.</description>
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