https://www.taxtmi.com/caselaws?id=357914 The Tribunal determined that the period for filing a refund claim in export transactions should be based on the date of receipt of convertible foreign exchange, with the date of the Foreign Inward Remittance Certificate (FIRC) being the relevant date. Additionally, remittance received in Indian rupees through a foreign bank was considered as payment in convertible foreign exchange, qualifying the supply of service as an export transaction. The Tribunal dismissed the Revenue's appeal, emphasizing the necessity of receiving convertible foreign exchange for export transactions and aligning with provisions of the Reserve Bank of India and Foreign Exchange Management Act. en-us Tue, 20 Feb 2018 00:00:00 +0530 Thu, 28 Jun 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357914 The Tribunal determined that the period for filing a refund claim in export transactions should be based on the date of receipt of convertible foreign exchange, with the date of the Foreign Inward Remittance Certificate (FIRC) being the relevant date. Additionally, remittance received in Indian rupees through a foreign bank was considered as payment in convertible foreign exchange, qualifying the supply of service as an export transaction. The Tribunal dismissed the Revenue's appeal, emphasizing the necessity of receiving convertible foreign exchange for export transactions and aligning with provisions of the Reserve Bank of India and Foreign Exchange Management Act. Case-Laws Service Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357914