Definition of “forest produce” rationalised

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..... the rates specified in the sub-section. 2. Under sub-section (1) of section 206C of the Act, presently TCS at 2.5 per cent is required to be collected on sale of goods of the following nature: - (I) Timber obtained under a forest lease (II) Timber obtained by any mode other than under a forest lease (III) Any other forest produce not being timber or tendu leaves 3. Representations were rec .....

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