https://www.taxtmi.com/circulars?id=5252 RBI/ECGC bonds issued in settlement of unrealised claims of project exporters in Iraq will be treated as convertible foreign exchange for purposes of the tax incentive for profits from projects abroad because they substitute for funds realizable from Iraq and will be repatriated to India by EXIM Bank after lifting of U.N. sanctions; Chief Commissioner/Commissioner of Income tax may liberally allow extension of the six month period for bringing in convertible foreign exchange. en-us Mon, 24 Jul 1995 00:00:00 +0530 Sat, 20 Sep 2008 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5252 RBI/ECGC bonds issued in settlement of unrealised claims of project exporters in Iraq will be treated as convertible foreign exchange for purposes of the tax incentive for profits from projects abroad because they substitute for funds realizable from Iraq and will be repatriated to India by EXIM Bank after lifting of U.N. sanctions; Chief Commissioner/Commissioner of Income tax may liberally allow extension of the six month period for bringing in convertible foreign exchange. Circulars Income Tax Mon, 24 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5252