2014 (4) TMI 921

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..... ndered by the respondent has not been received in convertible foreign exchange. When Reserve Bank of India permits that the same can be received in Indian Rupees through FIRC, in that situation, I am convinced with the argument advanced by the learned Advocate for the respondent that the payments have been received through proper channel. Prima facie, in these circumstances, the Revenue has failed .....

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..... ontentions of the Revenue is that as the appellants have received the remuneration in Indian Rupees instead of convertible foreign exchange therefore, they have violated the Terms and Conditions of Rule 3(2) of the Export of Services Rules, 2005. Hence, the Revenue prays that the operation of the impugned order is to be stayed. 5. On the other hand, the learned Consultant appearing on behalf of .....

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