EOU Seeks CENVAT Credit Refund: Is INR Remittance via Deutsche Bank Convertible Foreign Exchange? Regulation 3, Section 47, FEMA 1999.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....100% EOU - STPI - Refund of unutilised CENVAT credit - in terms of Regulation 3 made under Section 47 of the Foreign Exchange Management Act, 1999, in the present case the foreign remittance in Indian rupees through Deutsche Bank is the receipt of payment in convertible foreign exchange....