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<h1>Exemption on Taxable Services in Foreign Exchange Under Section 93, Finance Act 1994, Rescinded Effective March 15, 2005</h1> The Central Government, under Section 93 of the Finance Act, 1994, issued Notification No. 21/2003-S.T. on November 20, 2003, exempting certain taxable services from service tax if payment is received in India in convertible foreign exchange. This exemption applies to services specified in sub-section (105) of section 65 of the Act. However, the exemption does not apply if the foreign exchange payment is repatriated from or sent outside India. This notification was rescinded effective March 15, 2005, by Notification No. 10/2005-ST dated March 3, 2005.