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"content": "Mr. Temporary Deputy Chairman, Sir, the import of this is that we wish to amend the Section 16 of the Rating Act to bring specificity in terms of computing rates for rate payers. The second point is that this would accelerate and promote land owners to pay their rates in time and avoid the situation where they have to come to the Minister every year seeking for a waiver. Thirdly, it would also serve the in duplum rule where accumulated interests would not exceed the principal sum every year. Thank you."
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