Whether this amounts to Export of Services:

Dear Malav

Of course this amounts an export of service & company should obtain the IEC code respectively.

Know that,Unlike export of Goods or Software/IT/ITeS  (which regulated under CBEC/STPI/RBI/AD bank), export of  SERVICE is not Highly Regulated in India in terms of Pricing or repatriation.In practice some small service exporter even donot know documentation .They simply receive the cheque/Wire transfer for their service rendered in any mean.

But exporter must obtain the IEC and comply & process inward remittance through AD Bank.No direct compliances to RBI unless it contradict any provision of FEMA. Attached Master Circular for reference.

Rgrds

 Thank You Mr.Ashis for your valuable contribution....................................

My Pleasure Sir