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- Whether consideration received in Indian Rupees from a bank located outside India qualifies as receipt of foreign convertible exchange ?
Whether consideration received in Indian Rupees from a bank located outside India qualifies as receipt of foreign convertible exchange ?
TRT-2025-1145
Issue Favourable to Tax Payer ?:- yes
Held - As per said rules, a person shall be deemed to have repatriated the realised foreign exchange to India when he receives in India payment in .....