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After the government publishes a reliable translated text in English through an official gazette, we will incorporate the Authentic English Text here.

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52I.Deduction from the commission of letter of credit: 

Any person responsible for opening letter of credit for the purpose of import of goods for himself or for any other person shall, at the time of collecting commission with respect to letter of credit, deduct income tax at the rate of five per cent on the amount of such commission.