Calculation of Turnover. In calculation of turnover of an enterprises, Exports of goods or services or both, shall be excluded while calculating the turnover of any enterprise whether micro, small or medium, for the purposes of classification. However, it is suggested to insist a certificate from Chartered Accountant, along with the bid from the bidders whose turnover includes export proceeds, for ascertaining the turnover achieved on export of goods or services or both and included in the total turnover.
Calculation of Turnover. (a) Undertaking A's aggregate world-wide turnover shall be calculated as follows: ECU 10,000 million and 50% of C's world-wide turnover with third undertakings (i.e. ECU 35 million), the sum of which is ECU 10,035 million. Undertaking B's aggregate world-wide turnover shall be calculated as follows: ECU 2,000 million and 50% of C's world-wide turnover with third undertakings (i.e. ECU 35 million), the sum of which is ECU 2,035 million.
