Section 10A export-profit deduction imposed eligibility, reserve-use, filing and foreign-exchange conditions before its discontinuance for later assessment years.

Section 10A provided an export-profit deduction for qualifying newly established undertakings, subject to conditions concerning business formation, previously used machinery, receipt of export proceeds in convertible foreign exchange, timely return filing and the prescribed audit report. Specified units were required to create and properly use a Special Economic Zone Reinvestment Allowance Reserve Account. The provision barred overlapping specified profit deductions, contained rules for losses and depreciation, permitted a timely opt-out, and transferred continuing benefit on amalgamation or demerger to the successor entity. It is stated to be inapplicable for assessment year 2012-13 and subsequent years.

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