export proceeds of Rs. 78,91,245 on 23rd
Feb., 2001. To support the export of the goods, the assessee had
furnished export invoices, export ... code number for export and
membership of the Gems and Jewellery Export Promotion Council and
certificate of importer-exporter code have been placed. Thus, without
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IN
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IN THE
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exporter and secondly where the assessee carried on a composite business. In the
latter case, it was provided that the profits derived from exports shall ... proportion as the export turnover bears to the total turnover. The
emphasis is on the words "profits derived from the exports". Therefore, weightage