Export eligibility threshold requires new manufacturers' exports to comprise a substantial majority of sales to access tax benefits. Amendment inserts a new clause requiring that an undertaking commencing manufacture or production on or after 1 April 1994 must have exports of its articles and things equal to not less than seventy-five per cent. of total sales in the previous year to qualify under section 10B; the clause takes effect from 1 April 1995.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export eligibility threshold requires new manufacturers' exports to comprise a substantial majority of sales to access tax benefits.
Amendment inserts a new clause requiring that an undertaking commencing manufacture or production on or after 1 April 1994 must have exports of its articles and things equal to not less than seventy-five per cent. of total sales in the previous year to qualify under section 10B; the clause takes effect from 1 April 1995.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.