Regarding implementation of Merchandise Export from India Scheme (MEIS) under FTP 2015-2020

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....vices provided or agreed to be provided against a scrip by a person located in the taxable territory from the whole of the service tax leviable thereon under section 66B of the said Act. 2.    Application. - This notification shall be applicable to the Merchandise Exports from India Scheme duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.04 read with paragraph 3.05 of the Foreign Trade Policy. 3.    The exemption shall be subject to the following conditions, namely:-  (1)   that the conditions (1) to (3) specified in paragraph 2 of the Notification No.  24/2015-Customs, dated the 8th April, 2015 are complied and the said scrip has been....

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....l be taken as the date of payment of service tax;  (6)    that in case the service tax leviable as per the point of taxation determined in terms of the Point of Taxation Rules, 2011 is prior to date of debit or that the rate of tax determined in terms of rule 4 of the Point of Taxation of Rules, 2011, is in excess of the rate of service tax mentioned in the invoice, bill or challan, as the case may be, the holder of the scrip shall pay such interest or short-paid service tax along with interest, as the case may be; (7)    that the holder of the scrip presents the scrip debited by the said Customs Authority within thirty days to the said Officer, along with an undertaking addressed to the said Officer....