« Top Headlines » Open DEMAT Account in 24 hrs  No more tax filing hassles with digital Form 16 Know how it works «  I-T returns date extended in Bihar... IT dept to tighten noose around tax defaulters above Rs 10... » Service tax refund for exporters October, 09th 2007 The service tax paid by the exporters on general insurance, technical testing/analysis and inspection and certification will be refunded. The Finance Ministry has come out with a notification in this regard, according to a communication from the Tirupur Exporters Association (TEA). The TEA President, Mr A. Sakthivel, in a statement said he welcomed the measure, although this had not fully met the exporters' expectation. He wanted the Ministry to exempt the service tax for all services, including the fringe benefit tax. He also wanted that the interest rates for export sector be reduced to 6 per cent. Unless these are acceded, the survival of the exporting industry would be at stake, Mr Sakthivel said.