𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗥𝗲𝗰𝗲𝗶𝗽𝘁 𝗼𝗳 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗮𝗻𝗱 𝗖𝗲𝗻𝘃𝗮𝘁 𝗖𝗿𝗲𝗱𝗶𝘁 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: "Consideration received in Indian Rupees from an overseas bank account qualifies as receipt of foreign exchange. Cenvat credit is allowed for sodexo meal coupons and group insurance."

🔍 𝗙𝗮𝗰𝘁𝘀: 𝗖𝗼𝗺𝗽𝗮𝗻𝘆: M/s. Dassault Systemes Simulia Pvt. Ltd. 𝗜𝘀𝘀𝘂𝗲: Does inward remittance in Indian Rupees from a foreign bank qualify as convertible foreign exchange? Are sodexo meal coupons and group insurance eligible for Cenvat credit? 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆: Import and distribution of software, along with maintenance services in India.

𝗝𝘂𝗱𝗴𝗲𝗺𝗲𝗻𝘁: The Tribunal ruled that funds received in Indian Rupees from a foreign bank fulfill the foreign exchange requirement. Cenvat credit on meal coupons and group insurance qualifies as "input services" under the broad pre-2011 definition. The appeal was allowed in favor of the appellant.

𝗖𝗮𝘀𝗲 𝗜𝗻𝗳𝗼: 𝗧𝗶𝘁𝗹𝗲: M/s. Dassault Systemes Simulia Pvt. Ltd. vs. Commissioner of GST & Central Excise 𝗦𝗘𝗥𝗩𝗜𝗖𝗘 𝗧𝗔𝗫 𝗔𝗣𝗣𝗘𝗔𝗟 𝗡𝗼. 41524 of 2013 𝗢𝗿𝗱𝗲𝗿 𝗗𝗮𝘁𝗲: 08 June 2023 📜 This decision underscores that inward remittance in Indian Rupees from a foreign bank is foreign exchange, and Cenvat credit is permissible for employee-related expenses under "input services."