https://www.taxtmi.com/caselaws?id=246952 The Appellate Tribunal CESTAT MUMBAI dismissed the Revenue's stay petition in a case concerning the receipt of remuneration for Business Auxiliary Services in Indian Rupees instead of convertible foreign exchange. The Tribunal found that payments in Indian Rupees through FIRC complied with RBI guidelines, rejecting the Revenue's argument of non-compliance with Rule 3(2) of the Export of Services Rules, 2005. Emphasizing adherence to regulatory requirements and the need for clear evidence of rule violations, the decision upholds procedural fairness and regulatory compliance in service export transactions. en-us Fri, 07 Mar 2014 00:00:00 +0530 Sat, 26 Apr 2014 19:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246952 The Appellate Tribunal CESTAT MUMBAI dismissed the Revenue's stay petition in a case concerning the receipt of remuneration for Business Auxiliary Services in Indian Rupees instead of convertible foreign exchange. The Tribunal found that payments in Indian Rupees through FIRC complied with RBI guidelines, rejecting the Revenue's argument of non-compliance with Rule 3(2) of the Export of Services Rules, 2005. Emphasizing adherence to regulatory requirements and the need for clear evidence of rule violations, the decision upholds procedural fairness and regulatory compliance in service export transactions. Case-Laws Service Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246952