12. Substituted by the Finance Act, 2001, w.e.f. 1-4-2002. Prior to its substitution, item (a), as amended by the Finance Act, 1983, w.e.f. 1-4-1983, read as under :

“(a)  by Government or a local authority on moneys borrowed by it from, or debts owed by it to, sources outside India ;”