Power to grant rebate [Section 93A] :

(1) The Central Government may grant rebate of service tax paid on input services used in the manufacturing or processing or removal or export of such goods or for provision of services, which are exported.

(2) This provision enables the Central Government to prescribe schemes of neutralization of service tax paid on input services used in export goods or services.

(3) Such rebate shall be subject to such extent and manner as may be prescribed.

(4) However, where any rebate has been allowed on any goods or services under this section and the sale proceeds in respect of such goods or consideration in respect of such services are not received by or on behalf of the exporter in India within the time allowed by the Reserve Bank of India under section 8 of the Foreign Exchange Management Act, 1999, such rebate shall, except under such circumstances or such conditions as may be prescribed, be deemed never to have been allowed.

(5) Thereupon, the Central Government may recover or adjust the amount of such rebate in such manner as may be prescribed.