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Can a company capitalize the proceeds of the exports of plant & machinery to its overseas JV/WOS?

April 26, 2017capitalize COMPANY exports jv machinery overseas plant proceeds wos

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Can a company capitalize the proceeds of the exports of plant & machinery to its overseas JV/WOS?

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• Yes, capitalization of export proceeds is permitted subject to compliance of certain guidelines. i.e. the exports have not remained outstanding beyond the stipulated period of realisation etc.