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of <h1>India Exempts Certain Services from Tax Under SEIS, Subject to Compliance and Verification Conditions</h1> The Government of India issued a notification exempting certain taxable services from service tax under the Service Export from India Scheme (SEIS) as per the Foreign Trade Policy 2015-2020. This exemption applies to services provided against a duty credit scrip issued by the Regional Authority. Conditions include compliance with customs registration, proper presentation of the scrip, and verification by customs and excise officers. The holder of the scrip is responsible for paying any shortfalls in service tax and is eligible for drawbacks or CENVAT credit for service tax debited. Any dues to the government under this notification are recoverable under the Finance Act, 1994.
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