Exports of Goods and Service tax

[Samprada Kharat]

A Company is engaged in exports of goods  relating to Iron & Steel Industry. Now this Company is using the services of Clearing & Forwarding agents & Banking & Financial Services in this regards... According to the provisions, these both services are exempted and the Company can demand refund of the payment made...Plz guide me whether my interpretation of the ACT is correct and if not wht is the provision...

Thanks

Samprada Kharat

[Snehal Kulkarni]

Please refer to the Service Tax Notification NO 17/2009-ST dated 07.07.2009

[Samprada Kharat]

Thanks a lot Mangesh...

AI Summary

Export services exemption: clearing, forwarding and banking services treated as exempt, enabling service tax refund claims. Company exporting iron and steel queried whether payments to Clearing & Forwarding agents and to Banking & Financial service providers are exempt from service tax and refundable. The reply referenced Service Tax Notification No. 17/2009-ST (07.07.2009), indicating those services fall within the exemption framework and directing exporters to the notification's refund procedures to determine eligibility and required documentation.