Benefit of section 80HHC for export of processed minerals--Clarification regarding export of cut and polished dimensional blocks, granite or other rocks
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Export deduction limited to cut and polished minerals; washed raw blocks are excluded from the tax benefit. Eligibility for the section 80HHC export deduction requires that minerals be both cut and polished before export; mere cutting and washing into raw blocks does not qualify, reflecting an objective to incentivise value addition through polishing and finishing.
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 deduction limited to cut and polished minerals; washed raw blocks are excluded from the tax benefit.
Eligibility for the section 80HHC export deduction requires that minerals be both cut and polished before export; mere cutting and washing into raw blocks does not qualify, reflecting an objective to incentivise value addition through polishing and finishing.
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