Computation of deduction under section 10A(4) of IT Act by a manufacturer/ exporter of jewellery

RELEVANT EXTRACTS: 7.1 As per the provision of section 10A of the Act, assessee is entitled to claim the deduction in respect of the profits and gains as derived by the assessee’s undertaking from the export of the articles of the things for the period of the 10 consecutive A.Y’s. Sub-section (2) to sec. 10A has laid down certain conditions for the eligibility of the undertaking to claim the deduction. As per sub-section (3) to section 10A, the assessee can claim the deduction if the sale proceeds of the goods exported out of India are received in or brought into India in convertib...