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    <title>Input tax credit eligible on ocean frieght paid to shipping agency</title>
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    <description>ITC on ocean freight paid to shipping agencies qualifies as input service for zero-rated exports and is claimable subject to Section 16 and related rules; where services are from foreign shipping lines, tax under the Reverse Charge Mechanism, once paid in compliance with law and supported by invoice, bill of lading and export documents, is eligible for ITC and may be refunded through the prescribed refund procedure.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=119128</link>
      <description>ITC on ocean freight paid to shipping agencies qualifies as input service for zero-rated exports and is claimable subject to Section 16 and related rules; where services are from foreign shipping lines, tax under the Reverse Charge Mechanism, once paid in compliance with law and supported by invoice, bill of lading and export documents, is eligible for ITC and may be refunded through the prescribed refund procedure.</description>
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