2018 (10) TMI 547

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....nt : Shri Dilip Shinde, AC (AR) For the Respondent : Shri Ankit Nagela, CA with Ms. Aparna Shah, CA ORDER These two appeals are taken up together for passing of common order as issue involved in both the appeals are identical in nature. 2. The narrow compass in which the department has taken up the issue to this Tribunal stage centers on the admissibility of refund claim of the respond....

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....d only on receipt of consideration in "Foreign exchange and therefore the date in Forward Inward Remittance Certificate (FIRC) is relevant" in view of Notification no. 27/2012 with effect from 01.03.2016 [14/2016 (NT) refers]. The Larger Bench also had made it clear that any beneficial amendment to the statute may be given effect retrospectively provided the same does not impose a burden on the pu....