Foreign exchange entitlement certificate fee under Ceylon Exchange Control Law - Whether deductible expense under clause (iii)

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..... and are being repatriated from Ceylon under the Ceylon Government's repatriation policy, cannot bring with them more than a very limited amount of their savings. The balance has to be left in Ceylon in a bank to the credit of a non-resident blocked account. 2. According to the Ceylon Exchange Control Law, a fee called "foreign exchange entitlement certificate fee" is to be paid before any amo .....

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