Served From India Scheme eligibility revised: duty credit scrips granted based on free foreign exchange earnings. Amendments tie Served From India Scheme duty credit scrip eligibility to minimum free foreign exchange earnings for service providers listed in Appendix 10, with a lower threshold for individual providers. Entitlement grants percentage-based duty credit scrips on free foreign exchange: a standard rate for general service providers (excluding hotel, restaurant and tourism providers), a lower rate for hotels and registered tourism-sector providers and qualifying clubs, and the standard rate for stand-alone restaurants, calculated on earnings in the preceding or current financial year.
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Served From India Scheme eligibility revised: duty credit scrips granted based on free foreign exchange earnings.
Amendments tie Served From India Scheme duty credit scrip eligibility to minimum free foreign exchange earnings for service providers listed in Appendix 10, with a lower threshold for individual providers. Entitlement grants percentage-based duty credit scrips on free foreign exchange: a standard rate for general service providers (excluding hotel, restaurant and tourism providers), a lower rate for hotels and registered tourism-sector providers and qualifying clubs, and the standard rate for stand-alone restaurants, calculated on earnings in the preceding or current financial year.
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