Convertible foreign exchange - Definition / Legal Terminology - Income Tax

Explanation 2 (ii) - For the purposes of section 10A of the Income tax Act 1961, Convertible foreign exchange means - foreign exchange which is for the time being treated by the Reserve Bank of India as convertible foreign exchange for the purposes of the Foreign Exchange Management Act, 1999, and any rules made thereunder or any other corresponding law for the time being in force;