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(ii) "relevant assessment years" means the five consecutive assessment years specified by the assessee at his option under sub-section (3) or sub-section (5), as the case may be;

(iii) "manufacture" includes any--

(a) process, or

(b) assembling, or

(c) recording of programmes on any disc, 4ape, perforated media or other information storage device;]

(iv) "produce", in relation to any article or thing referred to in clause (i) of sub-section (2) includes production of computer programmes.] Cybertech Systems & Software Ltd ITA No 2781/Mum/2003 (AY 1997-98) ITA No 2782/Mum/2003 (AY 1998-89).

(iii) "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;

(iv) "hundred per cent export-oriented undertaking" means an undertaking which has been approved as a hundred per cent export-oriented undertaking by the Board appointed in this behalf by the Central Government in exercise of the powers conferred by section 14 of the Industries (Development and Regulation) Act, 1951 (65 of 1951), and the rules made under that Act;

(v) "relevant assessment years" means any assessment years falling within a period of ten consecutive assessment years, referred to in this section.] 11.6 By way of this Explanation, the computer software, which was not earlier defined has been defined and apart from recording of programme on disc, tape, perforated media or other information storage device as contemplated under clause (iii) of Explanation to pre-amended sec. 10B clause (i) of Explaination-2 to amended provision also includes in the definition of computer software any customised electronic data or any product or services of similar nature as notified by the Board which is transmitted or exported from India to any place outside by any means.

Y2K Comp1iant shall remain with respect or Software, systems, Consulting Services and deliverables that the same shall not be affected adversely by the occurrence of use of dates before, on or after January 1st, 2001 AD including dates and leap years between the twentieth and twenty-first centuries ("Millennial Dates) Any Software and deliverables provided by Consultant(including any software, hardware or firmware product(s) delivery by Consultant to Customer) will without error or omission, create, receive, store, process and output (collectively," Compute") information related to Millennial Dates. This warranty includes without limitation that the deliverables and Software provided by Consultant will accurately and without performance degradation, compute Millennial Dates, date' dependent date, date-related interfaces, or other date-related functions (including without limitation, calculating. comparing and sequencing such functions) Article 11(Consulting Services)