Receipts of sale proceeds in rupees in respect of protocol exports--Whether eligible for deduction under section 80HHC of the Income-tax Act, 1961

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....f the Income-tax Act provides for a deduction in the computation of taxable income with reference to the export turnover of certain goods or merchandise out of India in cases where the sale proceeds are receivable in convertible foreign exchange. 2. Representations have been received that exporters engaged in making "protocol exports", i.e., exports under Government to Government credits, should ....