https://www.taxtmi.com/caselaws?id=62557 The Tribunal clarified that local counter sales made against foreign exchange should be included in the export turnover eligible for deduction under section 80HHC. It emphasized that customs clearance is necessary for goods to be classified as exports. However, for counter sales to foreigners in India against foreign exchange, where buyers take the goods outside India, customs clearance is not required. The Tribunal differentiated between scenarios where customs clearance is necessary and where it is not, remitting the issue back to the Assessing Officer for further evaluation based on the specific circumstances of the transactions. en-us Tue, 13 Dec 1994 00:00:00 +0530 Thu, 20 Jan 2011 13:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62557 The Tribunal clarified that local counter sales made against foreign exchange should be included in the export turnover eligible for deduction under section 80HHC. It emphasized that customs clearance is necessary for goods to be classified as exports. However, for counter sales to foreigners in India against foreign exchange, where buyers take the goods outside India, customs clearance is not required. The Tribunal differentiated between scenarios where customs clearance is necessary and where it is not, remitting the issue back to the Assessing Officer for further evaluation based on the specific circumstances of the transactions. Case-Laws Income Tax Tue, 13 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62557