A Software Company regularly exports its services to its parent company and affiliates. Sometimes service is delivered at customer location in europe. But billing is done from India to a company in Europe. sale proceeds realized in convertible foreign exchange. Since the service is delivered outside the country.. will it be NOT CONSIDERED AS EXPORT ??
IT IS EXPORT.. YOU MAY HAVE DEBIT/CREDIT ADVICE AGAINST THE REMITTANCE RECEIVED
From what details you have provided, it is an export of service.
Transaction you mentioned fulfills all requirements of an export.
Further read this thread Export of services.
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