https://www.taxtmi.com/circulars?id=4992 The circular reiterates that the expression "convertible foreign exchange" for purposes of deductions tied to foreign project income, export proceeds and royalties/commissions/fees also includes amounts received in non convertible rupees from bilateral account countries and receipts in Indian rupees under Government to Government credit, but excludes remittances from Nepal and Bhutan. en-us Fri, 31 Aug 1990 00:00:00 +0530 Fri, 08 Aug 2008 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4992 The circular reiterates that the expression "convertible foreign exchange" for purposes of deductions tied to foreign project income, export proceeds and royalties/commissions/fees also includes amounts received in non convertible rupees from bilateral account countries and receipts in Indian rupees under Government to Government credit, but excludes remittances from Nepal and Bhutan. Circulars Income Tax Fri, 31 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4992