Is RCM applicable for import of service when export service provided to foreign party

ARUN KUMAR DAS (TAX PRACTICE) (25 Points)

27 April 2023  
As a provider of Shipping Services and to provide the same service of waterborne Transportation from Taxable Territory to Non Taxable Territory, we have availed transportation Input service from a Foreign Shipping Company, who raised bill to us in US Dollar, for consideration of their rendered Service. We avail such service for transportation of goods from Indian port to the Port outside India. Whether this service is coming under Import of Service and tax under RCM is applicable thereon or not ?.