https://www.taxtmi.com/caselaws?id=348183 The tribunal allowed the appeal, setting aside the denial of the refund claim for unutilized CENVAT credit. It held that payments received in Indian rupees, routed through a foreign bank and certified by FIRC, qualify as convertible foreign exchange. The appellant met these conditions, leading to the conclusion that the denial of the refund was unsustainable. The impugned order was overturned, and the appeal was granted with consequential relief. en-us Thu, 07 Sep 2017 00:00:00 +0530 Sat, 04 Nov 2017 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348183 The tribunal allowed the appeal, setting aside the denial of the refund claim for unutilized CENVAT credit. It held that payments received in Indian rupees, routed through a foreign bank and certified by FIRC, qualify as convertible foreign exchange. The appellant met these conditions, leading to the conclusion that the denial of the refund was unsustainable. The impugned order was overturned, and the appeal was granted with consequential relief. Case-Laws Service Tax Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348183