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insurance charges of Rs. 1.73.99.746/- (comprising of Asset insurance charges Rs. 17.16884/- ECGC Insurance charges Rs. 50,37,621/-. Liability insurance charges

M/S. Udupi Nirmithi Kendra, Udupi vs Assistant Commissioner Of Income Tax, ... on 16 June

that insurance charges paid to Export Credit Guarantee Corporation of India Ltd (ECGC) for protecting the appellant against the risk of loss on account ... total turnover. Nature of expenses Rs. Telecommunication expenses 1,65,41,834 ECGC Insurance 29,61,000 Foreign currency 53,27,15,000 expenses (total

Premium paid to Export Credit Guarantee Corporation of India Ltd., (ECGC) of `23,99,000/- for protecting the assessee against the risk of loss