Hundred per cent Export-Oriented Undertaking(100% EOU) - Definition / Legal Terminology - Income Tax

Explanation 2(iv) .-For the purposes of section 10B of the Income tax Act 1961,- Hundred per cent Export-Oriented Undertaking (100% EOU) 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, and the rules made under that Act;