TaxTMI 
TaxTMI 
TaxTMI 
Served from India Scheme - A service provider is entitled to import benefits on exportation of Services - Amendment
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....erved from India Scheme - A service provider is entitled to import benefits on exportation of Services - Amendment <br>News and Press Release<br>Dated:- 24-9-2008<br><BR>Vide Notification No. 44 (RE-2008)/2004-2009 dated 23/9/2008 , Ministry of commerce has amended the provisions related to service from India Scheme The provisions before amendment and after amendment are compared as under: Chapt....
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....er 3 of Foreign Trade Policy (RE - 2008) / 2004-09 Para No. Before Amendment After Amendment 3.6.4.2 All Service Providers, of services listed in Appendix-10 of HBP v1, who have a total free foreign exchange earning of at least Rs. 10 Lakhs in preceding financial year shall qualify for Duty Credit scrip. For Individual Service Providers, minimum would be Rs. 5 Lakhs. Stand-alone restaurants ....
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....will be entitled to duty credit equivalent to 10% of foreign exchange earned by them in preceding financial year / current financial year, as the case may be. All Service Providers, of services listed in Appendix 10 of HBP v1, who have a total free foreign exchange earning of at least Rs. 10 Lakhs in preceding financial year / current financial year shall qualify for Duty Credit scrip. For Indivi....
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....dual Service Providers, minimum would be Rs 5 Lakhs. Stand-alone restaurants will be entitled to duty credit equivalent to 10% of foreign exchange earned by them in preceding financial year / current financial year, as the case may be. 3.6.4.3 All Service Providers (except Hotels, Restaurants and other Service Providers in Tourism Sector) shall be entitled Duty Credit scrip equivalent to 10% of....
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.... free foreign exchange earned during preceding financial year. "All Service Providers (except Hotels, Restaurants and other Service Providers in Tourism Sector) shall be entitled to Duty Credit scrip equivalent to 10% of free foreign exchange earned during preceding financial year / current financial year, as the case may be." 3.6.4.4 Hotels of one-star and above (including managed hotels) and....
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.... heritage hotels approved by Department of Tourism (DOT) and other Service providers in tourism sector registered with DOT as well as Clubs having residential facility of minimum 30 rooms shall be entitled to duty credit scrip equivalent to 5% of free foreign exchange earned during preceding financial year. Stand-alone restaurants will be entitled to duty credit scrip equivalent to 10% of free f....
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....oreign exchange earned during preceding financial year. "Hotels of one-star and above (including managed hotels) and heritage hotels approved by Department of Tourism (DoT) and other Service providers in tourism sector registered with DoT as well as Clubs having residential facility of minimum 30 rooms shall be entitled to duty credit scrip equivalent to 5% of free foreign exchange earned during ....
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....preceding financial year / current financial year, as the case may be." Stand-alone restaurants will be entitled to duty credit equivalent to 10% of foreign exchange earned by them in preceding financial year / current financial year, as the case may be."<BR> News - Press release - PIB....