https://www.taxtmi.com/forum/issue?id=5348 Payment in foreign currency for prototype gearbox development is treated as an export of services and is not subject to service tax if place-of-provision rules are satisfied. The development charge must be added to the assessable value of the physically exported prototypes for excise valuation, with excise duty payable. If no foreign remittance is received, obtain a GR waiver from the authorised dealer and a destruction certificate from the customer when goods are destroyed during testing. en-us Mon, 25 Feb 2013 14:41:14 +0530 Thu, 23 Jan 2025 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5348 Payment in foreign currency for prototype gearbox development is treated as an export of services and is not subject to service tax if place-of-provision rules are satisfied. The development charge must be added to the assessable value of the physically exported prototypes for excise valuation, with excise duty payable. If no foreign remittance is received, obtain a GR waiver from the authorised dealer and a destruction certificate from the customer when goods are destroyed during testing. Discussion-Forum Service Tax Mon, 25 Feb 2013 14:41:14 +0530 https://www.taxtmi.com/forum/issue?id=5348