There is a partnership firm 'X & Co.' and is the sole selling agent of a foreign company 'A Inc.'(the co. doesn't have any kind of office in India). This A Inc. is engaged in the manufacture of products to be used by industries. X & Co. does marketing for the product of A Inc. in India and secures order for the same. Then forwards this order to A Inc. , which delivers the goods directly to the purchaser company in India, raises invoices in their name and also collects payments directly from them in foreign currency. For the services so offered, X & Co. get commission based on the volume of order so acquired. X & Co.'s commission,which is in foreign currency , is directly deposited by the A Inc. in X & Co.'s bank account here in India.
Isn't it export of services?
CAclubindia
