(1) In this section and in sections 673 to 683, except where otherwise provided or the context otherwise requires -
"development expenditure" means capital expenditure - (a) on the development of a qualifying mine, or (b) on the construction of any works in connection with a qualifying mine which are of such a nature that, when the mine ceases to be operated, they are likely to have so diminished in value that their value will be nil or almost nil and includes interest on money borrowed to meet such capital expenditure, but does not include expenditure on - (i) the acquisition of the site of the mine or the site of any such works or of rights in or over any such site (ii) the acquisition of a scheduled mineral asset, or (iii) works constructed wholly or mainly for subjecting the raw product of the mine to any process except a process designed for preparing the raw product for use as such;
"exploration expenditure" means capital expenditure on searching in the State fo
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