Deductions u/s80HHC in case of cut and polished diamonds and gem stones.

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....The tax concession is, however, not admissible in relation to export of, inter alia minerals and ores. 2. The Board has received a large number of a references on whether the export of cut and polished diamonds and gem stones will qualify for deduction under section 80-HHC. The Board are advised of the following features in the export of cut and polished and gem stones:- (i) No export of raw dia....