https://www.taxtmi.com/article/detailed?id=448 Excise duty, sales tax and conversion charges are excluded from turnover when computing entitlement to export-profits deductions; exchange-fluctuation liability on purchase of plant and machinery that is of the same character as the original liability can be treated as revenue expenditure, consistent with earlier tribunal and high-court precedents. en-us Sun, 02 Aug 2009 00:00:00 +0530 Sun, 02 Aug 2009 15:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=448 Excise duty, sales tax and conversion charges are excluded from turnover when computing entitlement to export-profits deductions; exchange-fluctuation liability on purchase of plant and machinery that is of the same character as the original liability can be treated as revenue expenditure, consistent with earlier tribunal and high-court precedents. Articles Income Tax Sun, 02 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=448