Net foreign exchange entitlement under Served From India Scheme based on qualifying service exports and verified foreign exchange records. Application ANF-03B2 requires IEC and RCMC details, classification of service as per Appendix 41, and annexures A-E to report gross foreign exchange earned, total foreign exchange expenses/remittances (including capital goods) and resulting Net Foreign Exchange for specified modes of supply. Net foreign exchange in US$ is converted to INR at the prescribed exchange rate to compute the Entitlement. The form mandates a declaration and a certificate by a CA/ICWA/CS verifying supporting invoices, FIRCs/BRCs, exclusion of ineligible services and independence of the certifier, together with prescribed enclosures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Net foreign exchange entitlement under Served From India Scheme based on qualifying service exports and verified foreign exchange records.
Application ANF-03B2 requires IEC and RCMC details, classification of service as per Appendix 41, and annexures A-E to report gross foreign exchange earned, total foreign exchange expenses/remittances (including capital goods) and resulting Net Foreign Exchange for specified modes of supply. Net foreign exchange in US$ is converted to INR at the prescribed exchange rate to compute the Entitlement. The form mandates a declaration and a certificate by a CA/ICWA/CS verifying supporting invoices, FIRCs/BRCs, exclusion of ineligible services and independence of the certifier, together with prescribed enclosures.
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