Commodities Transaction Tax

¹²[Chapter VII not to apply in certain cases.

132A. Notwithstanding anything contained in this Chapter, the provisions of this Chapter shall not apply to taxable commodities transactions entered into by any person on a ¹³[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 Financial Services Centre" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).]

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