Exempt Supplies for Rule 42 & 43

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Full Text of the Document

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.... determining the value of an exempt supply as referred to in section 17(3) (a) the value of land and building shall be taken as the same as adopted for the purpose of paying stamp duty; and (b) the value of security shall be taken as 1% of the sale value of such security. [ Explanation 2 of rule 45 ] (d) the value of activities or transactions specified in paragraph 5 of the Schedule III; ....