https://www.taxtmi.com/circulars?id=4981 Deduction under section 80HHC is computed by applying the ratio Export turnover/Total turnover to business profits under "Profits and gains of business or profession." Export turnover is the FOB sale proceeds actually received in convertible foreign exchange and must be brought into India within six months of the previous year (subject to discretionary extension). CCS, DDK and profit on sale of I/L are included in business profits but excluded from total turnover. Supporting manufacturers and processors are eligible if a disclaimer certificate in Form No.10CCAB is obtained. en-us Thu, 05 Jul 1990 00:00:00 +0530 Fri, 08 Aug 2008 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4981 Deduction under section 80HHC is computed by applying the ratio Export turnover/Total turnover to business profits under "Profits and gains of business or profession." Export turnover is the FOB sale proceeds actually received in convertible foreign exchange and must be brought into India within six months of the previous year (subject to discretionary extension). CCS, DDK and profit on sale of I/L are included in business profits but excluded from total turnover. Supporting manufacturers and processors are eligible if a disclaimer certificate in Form No.10CCAB is obtained. Circulars Income Tax Thu, 05 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4981