Refund Validity Upheld: Payment in Indian Rupees Qualifies as Convertible Foreign Exchange u/r 3(ii), Export of Service Rules 2005.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Even though appellant received payment in Indian rupees but same is deemed to be convertible foreign exchange and condition provided under Rule 3(ii) of Export of Service Rules, 2005 stand complied with and refund should not be rejected only on ground that foreign remittance received in Indian Rupees - AT....