Exemption when payment for taxable services is received in India in convertible foreign exchange — Notification No. 2/99-S.T. superseded - 006/99 - Service Tax

This Notification has been rescinded by Notification no. 2/2003 ST dated 1-3-2003

 Notification No. 2/99-S.T. Superseded

Service Tax — Exemption when payment for taxable services is received in India in convertible foreign exchange 

[Notification No. 6/99-S.T., dated 9-4-1999]

[As amended vide Notification No. 9/2001 dated 16/7/2001and 13/2002 dated 1/8/2002]

In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 2/99-Service Tax, dated the 28th February, 1999, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the ¹taxable service specified in clause (90) of section 65 of the said Act, provided to any person in respect of which payment is received in India in convertible foreign exchange, from the whole of the service tax leviable thereon under section 66 of the said Act :

Provided that nothing contained in this notification shall apply when the payment received in India in convertible foreign exchange for taxable services rendered is repatriated from or sent outside India.

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Note :

1. For the words, brackets and figures "taxable service specified in sub-section (72) of section 65", the words, brackets and figures "taxable service specified in clause (90) of section 65" has been substituted vide Notification No. 13/2002 dated 1/8/2002, before the words "taxable service specified in sub-section (72) of section 65" has been substituted by the words "taxable service specified in sub-section (48) of section 65",  vide Notification No. 9/2001 dated 16/7/2001