https://www.taxtmi.com/caselaws?id=786867 Whether receipts credited in Indian rupees but originating from abroad through authorised dealers and evidenced by FIRCs qualify as receipt in convertible foreign exchange under Rule 3(2)(b) of the Export of Service Rules, 2005: the analysis concludes that realization routed via authorised banking channels (including repatriation through vostro accounts) constitutes receipt in convertible foreign exchange even if credited to a head office or rupee account, and centralized collection does not defeat export character; consequence: refund claims of input service credit under Rule 5 of the Cenvat Credit Rules, 2004 were allowed. en-us Tue, 17 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786867 Whether receipts credited in Indian rupees but originating from abroad through authorised dealers and evidenced by FIRCs qualify as receipt in convertible foreign exchange under Rule 3(2)(b) of the Export of Service Rules, 2005: the analysis concludes that realization routed via authorised banking channels (including repatriation through vostro accounts) constitutes receipt in convertible foreign exchange even if credited to a head office or rupee account, and centralized collection does not defeat export character; consequence: refund claims of input service credit under Rule 5 of the Cenvat Credit Rules, 2004 were allowed. Case-Laws Service Tax Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786867