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        <h1>Amendment to Served from India Scheme: New Eligibility for Duty Credits Based on Foreign Exchange Earnings.</h1> The Ministry of Commerce has amended the Served from India Scheme, impacting service providers' eligibility for import benefits on service exportation. Under the revised provisions, all service providers listed in Appendix 10 of HBP v1 with a minimum foreign exchange earning of Rs. 10 Lakhs in the preceding or current financial year qualify for Duty Credit scrips. Individual service providers need a minimum of Rs. 5 Lakhs. Stand-alone restaurants are entitled to a duty credit equivalent to 10% of foreign exchange earned. Hotels and tourism-related service providers can receive a 5% duty credit, based on their foreign exchange earnings.

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        ActsIncome Tax
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