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of <h1>Retrospective Amendment to Section 80HHC: Counter Sales to Tourists Not Eligible for Export Tax Concessions Since 1986.</h1> A circular clarifies the retrospective amendment to section 80HHC regarding sales to foreign tourists in Indian shops and emporia. The amendment specifies that such 'counter' sales do not qualify as exports and are not eligible for tax concessions under section 80HHC. This change, effective from April 1, 1986, aims to resolve litigation on the matter. Although the amendment applies retrospectively, completed assessments will not be reopened unless records explicitly show that counter sales were treated as exports for tax relief purposes. In such cases, corrective action by the Assessing Officer is required.
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