Chapter VII not to apply in certain cases.

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..... for, or on behalf of, the New Pension System Trust referred to in clause (44) of section 10 of the Income-tax Act, 1961; (43 of 1961.) or (b) any person on a recognised stock exchange located in an International Financial Services Centre where the consideration for such transaction is paid or payable in foreign currency. Explanation. For the purposes of this section, International .....

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