Amount received from foreign exchange dealer will treat as export of services

If your transaction meets all the five conditions listed above, it qualifies as an export of services (zero-rated supply). The fact that you received the money via a foreign exchange dealer is simply the method of payment and does not disqualify it, provided the core criteria are satisfied. However, remember that the processing fees charged by the bank or dealer for the conversion are themselves taxable at 18% and do not benefit from the zero-rating of your export service.