Sec 10b

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Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2013 For the purpose of calculation u/s 10B, whether the export turnover should be taken as per books of accounts or as per F.O.B(i.e rate as per custom shipping bill) or value of exports

please provide case laws if any...
thanks in advance

Hari Beldona

Hari Beldona (Expert)
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06 February 2013 "export turnover" means the consideration in respect of export [by the undertaking] of articles or things or computer software received in, or brought into, India by the assessee in convertible foreign exchange in accordance with sub-section (3), but does not include freight, telecommunication charges or insurance attributable to the delivery of the articles or things or computer software outside India or expenses, if any, incurred in foreign exchange in providing the technical services outside India;

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