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of <h1>India exempts services using FPS duty credit scrips from service tax under Finance Act, Section 66B.</h1> The notification issued by the Government of India exempts taxable services provided against a Focus Product Scheme (FPS) duty credit scrip from service tax under section 66B of the Finance Act, 1994. This exemption applies to scrips issued for exports of products listed in Appendix 37D of the Handbook of Procedures, excluding certain categories like Export Oriented Units and transshipped exports. Conditions include scrip registration with Customs, proper documentation, and compliance with service tax rules. The scrip holder is entitled to CENVAT credit against debited service tax. Any dues to the government under this notification are recoverable under the Finance Act.
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