Profits replace whole income for export deduction eligibility, and export turnover replaces net foreign exchange realisation. The amendments replace references to whole income with profits in the main entitlement subsections and substitute export turnover for the earlier measure of net foreign exchange realisation to determine qualifying receipts. A related sub provision likewise replaces income with profits, and the Explanation is adjusted by omitting one clause and renumbering two others.
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Provisions expressly mentioned in the judgment/order text.
Profits replace whole income for export deduction eligibility, and export turnover replaces net foreign exchange realisation.
The amendments replace references to whole income with profits in the main entitlement subsections and substitute export turnover for the earlier measure of net foreign exchange realisation to determine qualifying receipts. A related sub provision likewise replaces income with profits, and the Explanation is adjusted by omitting one clause and renumbering two others.
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