Service tax on foreign in word remitance

NRE accounts have INR balance. Only FCNR account has FC balance.

Hence, In case Foreign inward remittance in NRE account, the credit will be converted into INR.

Transaction in Money shall not include conversion of money from one currency into another u/s 66B. So, Foreign inward remittance in NRE account are taxable. As per section 66D(n), if it is within Banks or authorised dealers then it is not taxable. But when any of the parties are public, then it is taxable.

Please correct me if m wrong.