MMR Service will be Treated as Exempted Service When the Service Provider did not Receive full Convertible Foreign Exchange within the Time Period Provided under Statute: CESTAT

EDAC Engineering Limited Vs Commissioner of G.S.T. and Central Excise (CESTAT Chennai) In this case, EDAC Engineering Limited was providing various services, including erection, commissioning, and installation (ECI) services, to clients both within and outside India. The focus of the dispute was on the ECI services provided to clients abroad. The revenue department raised concerns because they observed that EDAC Engineering had earned foreign exchange through its ECI services but had not repatriated these earnings into India. This led the revenue department to question the repatriation of expo...