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of <h1>India Grants Service Tax Exemption for Exporters on Commission Agent Services, Effective July 2012, Rescinded in 2015</h1> The Government of India, through Notification No. 42/2012-ST dated June 29, 2012, granted service tax exemption on services used by exporters for the export of goods. This exemption applies to services provided by commission agents located outside India, limited to a service tax value up to 10% of the free on board (FOB) value of exported goods. Exporters must meet specific conditions, such as declaring commission amounts, being registered with an export council, and submitting required documentation. The exemption excludes certain exports, like canalised items and those financed under specific government credit lines. This notification was effective from July 1, 2012, and was rescinded by a later notification in 2015.
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