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VALUE ADDED TAX (AMENDMENT) BILL, 2021

Industries Encouragement Act (Ch. 326) or Hawksbill; "approved transaction" means a transaction entered into in the normal course of business between VAT registrants participating in the same approved project; "mortgage" includes — (a) any mortgage, whether legal or equitable; (b) debenture creating a charge, whether fixed or floating; Page - 2

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