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of <h1>India Exempts Services Under MEIS Duty Credit Scrip from Service Tax, Subject to Conditions and Compliance</h1> The Government of India, under the Finance Act, 1994, has exempted taxable services provided against a Merchandise Exports from India Scheme (MEIS) duty credit scrip from service tax. This exemption applies to exporters holding such scrips, subject to specific conditions, including registration with Customs, presentation of relevant documents, and compliance with service tax rules. The Customs Authority will debit the service tax on the scrip, and the holder must present it within 30 days to the relevant officer. The holder can avail of drawbacks or CENVAT credit against the service tax debited. Any dues to the government will be recoverable under the Act.
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