Credit of service tax on freight - SDF forms at the time of export
Guest
R/Sir, I hv. two queries :- 1. Can a Manufacturing co. avail service tax levied by Freight forwarder for export materials from factory to Air / sea port and for air / sea freight ? 2. What is the procedure if a co. exported goods on credit basis , whether SDF form to be submited to Banks or not also any excise formality required after the export of materials ? Manoj
Manufacturing company eligible for CENVAT credit on freight services for exports; SDF forms not needed for credit exports. A manufacturing company inquired about availing service tax credit for freight services related to exporting materials and whether SDF forms need submission to banks when goods are exported on credit. The response clarified that services related to the clearance of goods from factory premises are eligible for CENVAT credit. (AI Summary)