CBDT Circular on Foreign Exchange Realisation from Project-Exports


Whether, where payments received in the shape of bonds in lieu of foreign exchange realisation from project-exports and foreign exchange will eventually be repatriated into India by EXIM Bank after lifting of UN sanction, RBI/ECGC bonds issued by way of settlement of claims of projects in Iraq will be treated as convertible foreign exchange brought into India for purposes of section 80HHB

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