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Cenvat credit availability on Currency exchanged

Service Tax - Started By: - kamal chordia - Dated:- 3-3-2016 Last Replied Date:- 4-3-2016 - Dear Sir We are manufacturer exporter, as per notification no 26/2011 Service Tax dt 31.03.2011 our bank charged service tax on currency exchanged (export reliasation) Please inform that service tax charged in the bank advice is cenvatable or not. Thanks & regards Kamal - Reply By kamal chordia - The Reply = Please notification no as 26/2010 service tax dt 31.03.2011 - Reply By Rajagopalan Ranganathan .....

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at credit is admissible. Since you are manufacturer-cum-exporter of dutiable final product. Thus ST paid can be taken as input service for utilization in relation to manufacture and clearance of dutiable finished goods. Needless to say exported goods are treated as duty-paid goods. - Reply By KASTURI SETHI - The Reply = No such restriction in Service Tax has been imposed like in Central Excise vide Notification No.1/2011-CE dated 1.3.2011 as amended. - Reply By SURESH ASTEKAR - The Reply = There .....

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