https://www.taxtmi.com/news?id=14275 The policy consolidates multiple merchandise reward schemes into a single Merchandise Exports from India Scheme (MEIS) and replaces SFIS with Service Exports from India Scheme (SEIS), expanding eligibility to service providers located in India. Rewards are based on realised FOB value (MEIS) or net foreign exchange (SEIS). Duty credit scrips under both schemes are made freely transferable and may be used for payment of customs duty (subject to exclusions), excise duty and service tax, and basic customs duty debits via scrips are eligible for drawback when imported inputs are used in exports. en-us Wed, 01 Apr 2015 17:26:57 +0530 Wed, 01 Apr 2015 17:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14275 The policy consolidates multiple merchandise reward schemes into a single Merchandise Exports from India Scheme (MEIS) and replaces SFIS with Service Exports from India Scheme (SEIS), expanding eligibility to service providers located in India. Rewards are based on realised FOB value (MEIS) or net foreign exchange (SEIS). Duty credit scrips under both schemes are made freely transferable and may be used for payment of customs duty (subject to exclusions), excise duty and service tax, and basic customs duty debits via scrips are eligible for drawback when imported inputs are used in exports. News - Wed, 01 Apr 2015 17:26:57 +0530 https://www.taxtmi.com/news?id=14275